Tron finally gets its own public blockchain after a year of waiting
Tron finally gets its own public blockchain after a year of waiting. Tron released a notice on all their social platforms of the migration of TRX from the ERC20 standard to its own public blockchain this coming June 21st. The announcement has been welcomed by most of the users of the Tron blockchain as it gives freedom and scalability to the blockchain. The statement gave clear guidelines to all its token holders and exchanges dealing with Tron; any transaction involving Tron will be shut down on June 21st, 22nd and the 23rd in regards to the migration of the network.
A statement from the company read;
“For the reason that Tron’s public blockchain main net will be launched shortly, the migration from ERC20 tokens to TRX, the cryptocurrency on Tron’s public blockchain, will begin on 2018, June 21, GMT. We highly recommend exchange that all transactions be frozen from June 22 to June 23. After June 24, ERC20 will no longer be valid for transactions, for we will only support transactions with TRX on the public blockchain.
For token holders, with your ERC20 tokens saved to cryptocurrency exchanges (the only required operation on your part), further operations for token migration will be automatically completed for you in due time.”