TRON Mainnet Launch Success: 'Independence Day' Arrives!

TRON Mainnet Launch

As mentioned in a previous article TRON began the process of moving to their own mainnet on June 25, 2018. The TRON team held a live stream event, which lasted 12 hours and reached 1.67 million viewers, to broadcast what they call their “Independence Day”. Responsible for this migration was the TRON Independent Group (TIG), made up of 27 anonymous community members.

The TRON mainnet launch consisted of four different stages: Preparation, Guardian, Genesis, and Constitutional.

 

Preparation Phase

On June 20th, TRON Super Representatives participated in a launch rehearsal. During this, the TRON Foundation assessed the performance of the representatives and selected the top 27 to become “Genesis Representatives”. Ultimately, those chosen were responsible for the network initialisation.

 

Guardian Phase

The 27 chosen Genesis Representatives linked together to create a Guardian network in final preparation for the mainnet launch.

 

Genesis Phase

On the launch date, the TRON Foundation selected one of the Genesis Representatives to be the Genesis Boot Node to begin creating genesis blocks. The other representatives joined the network and the mainnet officially launched when they reached consensus. Without going into technical details, each Genesis Representative had a limit of 100 million TRON Power (i.e. votes). When a Super Representative surpasses 100 million votes, they replace a Genesis Representative and become an electable node.

Constitutional Phase

This final phase begins once all Genesis Representatives have been replaced. It is in this phase that the network is co-governed by the entire TRON community. Super Representatives will be elected every six hours. Primarily, they will be responsible for processing network transactions.

 

What’s Next for TRON?

Currently, the TRON team is working on updating and developing the TRON Virtual Machine. The scheduled test launch is July 30th, 2018. The plan is for the virtual machine to be compatible with EOS and EVM’s virtual machines. This is in a bid to attract more developers to the TRON network, as well as improving the TRON ecosystem.

 

Did You Miss the Token Swap?

In case you missed the official token swap we reported previously, TRON will continue to offer a permanent token-exchange counter. At this stage, the exchanges supporting the migration beyond the deadline are Binance and Gate.io. For more information please refer to official TRON sources.

 

How to Buy Tron (TRX) in NZ?

To easily buy Tron (TRX) in New Zealand you can do so right here, at BitPrime. First, if you haven’t already done so, please register an account with us and have your ID verified. Finally, visit our Tron page to order your TRX. If you require any further assistance, please contact us and we will be happy to help.

 

What to Read Next?

How about our post that Dissects the FUD in the BIS Report on Cryptocurrency?


Disclaimer: The above references an opinion and is for informational purposes only. It is not intended as personalised financial or investment advice. The opinions expressed by the author do not represent the opinion of BitPrime.

Last updated: 28/06/2018

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