On the 11th of October, the leader of our BISITE groups’ Blockchain team, Diego Valdeolmillos, deployed the first ever Smart Contract in TRON (a cryptocurrency based on Blockchain), which is in the 11th place of cryptocurrency market capitalization, its legacy will be carried from generation to generation, as long as the last node of this network continues to operate.
The Tron protocol, one of the world’s biggest blockchain based operative systems, provides scalable support, availability and high performance to all the decentralized applications in the TRON ecosystem, more than 500,000 users from over 100 different countries have become part of this network, that overcomes its own limits every day.
The technology used by this blockchain is much more ecological than Bitcoin and Ehtereum. 27 representatives are voted for by the network participants. Those representatives are in charge of establishing consensus, validating transactions and adding new blocks to the chain.
Another characteristic of TRON is that the community itself can change the configuration of the chain by means of the representatives. On the 8th of October, the CrytpoGuyInZA representative emitted a proposal to activate the execution of Smart Contracts. They were activated on the 11th of October, at 2 p.m. and Diego was the first one to launch a contract at 14:01:33 in block 311182.
Blockchain is a technology that is evolving constantly and new applications of it are found every day, in a wide range of sectors. The BISITE Group is aware of its importance and is working constantly on using blockchain’s potential to the fullest. As a result, they’ve become the first group to try a new blockchain technology.