In preperation for the highly anticipated Tron (TRX) Main Net launch, Justin Sun released a letter outlining the progress of the project and the ecosystem. This letter was then published on the Tron Labs medium page two days ago for the Tron Community to read and internalize. In it, he mentioned that there will be a release of the Tron Virtual Machine just 6 days before the Main Net launch.
Justin is quoted as saying the following in the letter:
May is an exciting month for TRON. TronVM v.0.1 will be launched on May 25. This version of TronVM uses a VM Adapter that will enable complete compatibility with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON. Stay tuned for a reward program for Ethereum developers who migrate to our platform.
With this notification of the Tron Virtual Machine, all the DApps that had been built on the initial Tron platfrom that is based on Ethereum, can seamlessly migrate their projects. A traditional Virtual Machine is created to serve as a run-time environment for smart contracts. Virtual Machines automatically carry out the transactions needed on the blockchain.
The Tron Website currently highlights 10 decentralized applications already on the Tron Platform but Justin adds in the letter to the Tron Community, that this number could be beyond 20. He says:
The TRON dApp ecosystem is taking form, with over 20 startup teams developing on TRON. The first batch of recommended dApps will be published on June 5, and will include apps for desktop, website, hot/cold wallets for mobile, and blockchain explorers. These dApps will go live after official mainnet launch on June 25. The TRON community is welcome to download and test.
In terms of market performance as we draw closer to the Main Net launch, TRX is currently trading at $0.073 down 9.39% in 24 hours. The token had briefly seemed to have acquired permanent support levels at $0.080, but with the entire market in the red, this dip is expected. TRX still maintaines the number 10 spot on coinmarketcap.com as Bitcoin bleeds, albeit slowly, to current levels below $9,000 and at $8,995. BTC has dropped 3.63% in 24 hours.
The crypto markets usually have a hard time recovering during the weekends as can be seen with the history of the markets this year on most Saturdays and Sundays. This means that as a day trader, it would be wise to watch the markets from afar. But if you are a HODLer, simply ignore the brief turbulence and check the markets some time on Tuesday for better results that might not be accompanied by slight anxiety!