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Tron (TRX) to sponsor Hackathons in quest to prove Odyssey’s security - Global Coin Report
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Tron (TRX) to sponsor Hackathons in quest to prove Odyssey’s security

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Tron TRX hackathons
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After months of testing and waiting, Tron successfully launched its Main Net, Odyssey 2.0, on 31st May, kickstarting the process of switching from being an Ethereum token to its own Main Net. A big step for Tron, Odyssey 2.0 has already accumulated over 2,000 revisions, released 15 software iterations, merged over 500 forks, and added more than 100 new features. Users can download Odyssey 2.0 from Tron Github page.

25th June also referred to as “Independence Day” has been scheduled to be the date where the network is going to migrate from Ethereum’s platform fully. Regarding logical challenges, the shift from Ethereum’s ERC-20 to Tron’s native new token will require holders to convert their existing TRX altcoins into the new form and ensure their tokens is in a supported wallet and exchange. Holders will also have to make sure the third party can handle the transition.

Some wallets and exchanges are in support of the Main Net shift. All ERC-20 altcoins should be in any of these platforms before the 25 of this month: Huboi Pro, UpBit, ZebPay, Bibox, RightBTC, Binance, Gate.io, BITKOP, Okex, Bittrex, Coinnest, DragonEx, Bit-Z, Bitfinex, Bithumb, Liqui, and Coinrail.

If any holder misses the final migration day, they will have to wait for another Main Net switch date that will be announced at a later date to switch to the new form of TRX manually.

Tron’s Independence Day will also be the day the election results for Tron’s Super Representatives are communicated. The 25 individuals, Super Representatives, will be the general overseers of the network acting as primary nodes of the platform. The election is an open community vote and is currently ongoing.

What Does Tron’s Odyssey 2.0 Provide?

  • A friendlier environment for developers
  • Improved general stability
  • Instant, asynchronous, and responsive functions
  • Enhancement of dozens of central parameters with BEB, binary regression algorithm
  • Improved scalability and network performance with hundreds of times faster Transactions per Second than Ethereum’s

Tron’s new platform has gone through meticulous testing, and CEO Justin Sun assures his holders that the upgrade is secure and reliable to meet their everyday demands. Posting on his Twitter page, Sun disclosed a huge bounty reward for anyone in the developer’s community or the general public who will find any bugs or erroneous lines in the new Main Net.

With the final migration set to take place on 25th this month, Tron is not leaving anything to chance and is investing large sums of money in ensuring Odyssey 2.0 is safe and secure. EOS offered a bug bounty of $10,000 while Tron is investing $100,000 for any critical bug that can jeopardize the migration.

Tron Hackathon

So, this September has been selected to host Tron’s hackathon, that might prove significant in unmasking Tron’s hidden prospects that people usually overlook or undermine. And with Tron’s strong marketing abilities in creating disturbance in the cryptocurrency news headlines, various esteemed businesses, market experts, analysts, investors, and exchanges are keen to attend the hackathon.

Undoubtedly, this event has the potential to change Tron’s fortune for positive ones.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

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security of online transactions
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