Justin Sun just revealed on Twitter that Tron will undergo a hard fork at the end of the month. On February 28, the Tron protocol will be upgraded and experience a backward incompatible update.
#TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment to real-time network performance 3. 50% up performance & res usage 4. Better VM safety, events server for Dapps. Go! #TRX $TRX
The purpose of the hard fork is to provide greater security and new features such as multi-signature wallets.
Multi-sig, acct mng and custody are three major requirements from institution. Recently we have received numerous demands from hedge funds, mainstream investors and financial institution. With 3.5 upgrade and the partnership with @BitGo, #TRON is ready! #TRX $TRX https://t.co/w95p3Jy4tN
— Justin Sun (@justinsuntron) February 24, 2019
Multisignature wallets require more than one user to sign a transaction before it can be broadcast onto the blockchain. Therefore, an added level of security is achieved. Security and utility are driving forces behind Tron’s development and are the most important factors that majors investors consider before throwing money into a project.
Justin Sun loves to point out that Tron has become the leading dApp platform. Most of these dApps are games or just experimental in nature. But with the integration of BitTorrent, Tron is now delivering what many believe will be the most useful application in the space. As Tron continues to build and add more tools to its ecosystem, the decentralized internet that Justin Sun dreams of is getting closer to reality.
Sun is most concerned with creating a viable decentralized protocol, but he recognizes the importance of making sure the space is regulated fairly. Sun thinks balanced regulations are needed to make cryptocurrency spread and the team at Tron is working to bridge to regulatory compliance.