The TRON Foundation, the organization behind TRON – a project dedicated to the establishment of a truly decentralized Internet and its infrastructure, has launched TRON live on MainNet in open beta for public testing.

The TRON Network is a basic-layer public blockchain that improves upon the Ethereum model by featuring a high-throughput, high-extension, and high-reliability support for the protocol's decentralized application operations.

Once testing is complete, TRON will drop its ERC20 identity and become a true token within the TRON ecosystem. The official move will commence on May 31, 2018, immediately after a live stream address at 11 a.m. (GMT +8). Developers can start to configure their wallets and browsers in advance for the full launch, what the TRON team is calling “Independence Day,” June 25 (GMT+8).

“The independence of our protocol is a crucial step in ushering in the next phase of the internet through democratization and decentralization,” said Justin Sun, founder of the TRON Foundation. “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.”

TRON employs an optimized "Proof of Stake" (TPoS) consensus system, which uses a witness mechanism to achieve decentralization. The delegate nodes are selected by the blockchain network community through voting. The network is also Java-based and developer friendly for a faster home for their projects.

TRON uses an improved leasing model that supports free transfers. According to the official release, internal tests so far show the network is 400 times faster than Ethereum.

The move to MainNet will be in a testing period until June 24 while the foundation prepares for its Genesis block on June 25 and its Super Representative Election on June 26. The Super Representative Election represents TRON’s vision of a truly democratized internet by allowing the community to have a say in new policies governing the network. The current list of candidates is available on TRON's blockchain browser, tronscan.org, with candidate profiles available for the public.

Token migration from ERC20 to TRON's Mainnet will occur between June 21 to June 25 once testing is complete. TRX token holders must move their coins to a recognized exchange before June 24th 11:59 PM (GMT+8) in order for them to be converted on to TRON’s network.
The foundation recently launched the TRON Accelerator to encourage the creation of new apps within the TRON community. Selected entrepreneurs will receive a USD $100,000 loan in digital assets to conduct their future research, development, and operations. The foundation plans to distribute funds to 100 projects in phase one, with an Opensource Wallet developed by 19-year-old German entrepreneur Marius Gill being the first selected.

TRX/USD is currently trading at 0.06 levels at the time of writing (Binance).