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TRON 4.0- A NEW REVOLUTION TO BLOCKCHAIN TECHNOLOGY | by Shivani Uppal | The Capital | Jul, 2020

Shivani Uppal

Wondering what TRON is? Curious to learn what all its latest release ‘TRON 4.0’ brings for all? If yes, you have landed at the right place. This article provides an overview of TRON, explaining its already existing upgrades and finally focusing on the latest version of TRON.

Founded in 2017 by an organization called TRON foundation, it is a decentralized platform of the blockchain network headed by Justin Sun, the CEO. It utilizes blockchain technology and the Peer-to-Peer network to eradicate the need for intermediary existence in its network. This decentralized platform is just a few years old to the crypto industry but has become one of the largest Blockchain-based operators by offering distinctive features. Since its establishment, TRON has partnered with numerous firms and attracted a huge crowd. It aims to evolve a free and global digital entertainment system relying on distributed technology.

In May 2020, CEO Justin announced the launch of the TRON 4.0 launch and mentions that the new launch will focus mainly on privacy, followed by interoperability and scalability. It was stated that TRON 4.0 would be officially launched on July 7, 2020.

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Moreover, it also allowed enhanced protocol data check to prevent malicious data on the chain and added transaction permission settings for users, compatible with multi-signature.

Another feature that is included in the upgrade is faster block confirmation times, along with cross-chain confirmation. The release also aims to provide enterprise-grade customized solutions for businesses, which seems to be a major step towards getting more businesses on the blockchain platform.

Now let’s briefly talk about zk-SNARKs, which are the core privacy technology of the ZCash blockchain. zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” which refers to a proof construction where one can verify possession of certain information without revealing the information, and without any interaction between the prover and verifier. In simpler words, the zk-SNARK privacy feature ensures that a transaction can be made without revealing information such as the amount of money being sent.

However, unlike ZCash, TRON’s latest version will not make transactions using its TRX cryptocurrency anonymously. Instead, blockchain developers can adopt a shielded transaction feature by implementing the smart contract.

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