TRON has released its Aristotle update with multiple new features.
TRX’s performance in terms of price and metrics looked bullish.
TRON [TRX] recently released its latest Java-tron GreatVoyage-4.7.0 (Aristotle), expanding the capabilities of the network. It was a mandatory update that contained a few important features.
📢Java-tron GreatVoyage-4.7.0 (Aristotle) has been released!
🧐It is a mandatory update, which contains some important features:
✅Add dynamic energy model and “Stake 2.0” stake mechanism;
✅Use the “libp2p” library as Java-tron P2P network module;
✅Add secondary database cache;— TRONDAO (@trondao) January 17, 2023
Read TRONs [TRX] Price prediction 2023-24
The update came with a new betting mechanism, Stake 2.0, which improved the flexibility of the resource model and the stability of the betting system. Compared to the current Stake 1.0 model, Stake 2.0 has been improved in several ways, such as the management of TRXand more.
It also introduced a dynamic energy model that helped promote ecologically balanced development. In addition, GreatVoyage-v4.7.0 (Aristotle) added a transaction hash cache, which would be pulled directly from the cache when used.
This is how TRX reacted
TRX registered promising gains on the chart as the price increased by 15% over the past seven days. In addition, the daily chart was also green. CoinMarketCaps data revealed that at the time of writing, TRX was trading at $0.06231 with a market cap of over $5.7 billion.
TRON was also quite active in terms of burning tokens, which was in line with its deflationary characteristic. As of January 16, 2023, there had been 13,397,590 TRX burnt, with a net production ratio of -8,332,487.
Interestingly enough, TRON was also on the list of the most visited coins in the past seven days at the time of the tweet, further proving the popularity of the token in the crypto space.
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TRX’s stats performance
TRON’s popularity was also proven in terms of statistics as social dominance remained relatively high over the past week. Not only that, but TRX’s development activity also went up in recent days. However, this can be attributed to the new update.
The TRX NFT ecosystem has also grown in recent days as the total number of NFT trades increased. LunarCrush’s data be aware TRXAs the price rose, its market dominance increased by 9% over the same period.
Source: Sentiment
This post Exposing the effects TRON’s last update had on TRX
was published first on https://ambcrypto.com/uncovering-the-effects-trons-latest-update-had-on-trx/
