TRON Begins The Transition To Its Own Blockchain

The tenth largest cryptocurrency named Tron (TRX) has recently begun the transition from the Ethereum network – to its own public blockchain. Named the Tron mainnet and dubbed Odyssey 2.0 – the blockchain has already been launched (May 31st) and made the first step to transitioning the $4 billion cryptocurrency to an independent network.

Meanwhile, the network will remain in beta for most of June. As such, it will provide developers with the opportunity to configure their wallets and browsers before the network goes live. The token migration will occur from June 21st to June 24th when the users must deposit their ERC-20 tokens at the participating crypto exchanges in order to receive an equivalent number of TRX on the new blockchain.

As the TRON founder Justin Sun has said in a statement earlier this week:

“The independence of our protocol is a crucial step in ushering in the next phase of the internet through democratization and decentralization,”

He also added a word or two about the team’s standard, saying:

“Our team maintains a high standard of excellence as we head towards becoming a mainstream public blockchain. The move of the TRON Protocol to MainNet makes it easier for developers to break away from Ethereum and opens up new doors towards better scaling, commercialization and express lanes needed for global dApp development.”

Until now, TRON has functioned as an ERC-20 token on the Ethereum network – and the TRX token has steadily climbed the market cap charts despite the high profile controversies along with the fact that TRON’s network had not even launched.