The tenth-largest cryptocurrency, Tron (TRX), has started making plans to move from the Ethereum network to its own public blockchain.
Known as Odyssey 2.0, the Tron mainnet was officially launched on May 31, taking the first step to making the $4 billion cryptocurrencies into an independent network.
For the most of June, the network will remain in beta, offering developers with the chance to configure their wallets and browsers before the network goes public. The token transition will begin from June 21 to June 24, when users are required to deposit their ERC-20 tokens at participating cryptocurrency exchanges to receive an equal number of TRX on the new blockchain.
The move will conclude on June 25 when the Genesis block will spread across the network and investors speculate that Tron will be an “Ethereum killer” will finally go through a trial.
“The independence of our protocol is a crucial step in ushering in the next phase of the internet through democratization and decentralization,” said Tron founder Justin Sun in a statement, adding:
“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.”
Up to date, Tron has operated entirely as an ERC-20 token on the Ethereum network, and the TRX token has progressively risen up in market cap regardless of high-profile disputes and the fact that the cryptocurrency’s network had not been launched.