It was recently reported that Tron would be experiencing a hard fork at the end of February which is this week.
On February 28, the Tron protocol will be upgraded and undergo a backward incompatible update.
The primary goal of the hard fork is to provide more security and new features such as multi-signature wallets.
Four main upgrades
Justin Sun announced via Twitter that there will be four main upgrades and a new feature as well.
The multi-signature and account management upgrade will bring enhanced security for blockchain transactions.
This is reportedly one of the things needed for institutional investment. The collab with BitGO will prepare Tron for institutions.
The institutional grade crypto investment services company BitGo has just brought Tron (TRX) closer to institutional investors.
The second upgrade is a dynamic energy management system to improve blockchain efficiency.
Performance is the third issue that will get improved with 50% upgrade, according to Sun.
And last but not least, the Tron VirtualMachine receives the fourth upgrade: security enhancements and improvements for dApp developers.
#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
— H.E. Justin Sun 🍌 (@justinsuntron) February 24, 2019
Regarding prices in the crypto market, TRX managed to remain stable and this week’s hard fork and network upgrade are expected to push prices higher for TRX, says NewsBTC.
Justin Sun believes BTC hit a bottom
It seems that Sun is confident that Bitcoin has already hit its bottom.
During an interview with Chinese crypto outlet Huoxing, Sun said that the bear market is over now and he expects BTC to stay above $3,000 and reach about $5,000 by the end of the year.
“For this year, I think Bitcoin will fluctuate between $3,000 and $5,000. The opportunities for market breakthroughs this year include the explosion of the DApp ecosystem, the large-scale application of the Lightning Network, and the three major opportunities for BitTorrent’s 100 million users to enter the cryptocurrency market,” Sun stated.