Announced recently by TRON founder Justin Sun, TRX will undergo hard fork on Feb 28, 2019.
Tron to Fork on Feb 28
The multi signature and account management upgrade provides more security for blockchain transactions. According to Sun it is one of the things needed for institutional involvement and the collaboration with BitGO will make Tron institution ready;
“Multi-sig, acct mng and custody are three major requirements from institution. Recently we have received numerous demands from hedge funds, mainstream investors and financial institution. With 3.5 upgrade and the partnership with @BitGo, #TRON is ready! “
The second upgrade is a dynamic energy management system designed to improve blockchain efficiency. Energy consumption is a big concern for the heavyweights such as Bitcoin and Tron recognizes that it needs to address this issue to streamline network performance and energy management.
Performance is the third issue to be improved with a claimed 50% upgrade for the network. Tron so far has outperformed its rival Ethereum in terms of transaction speeds and this boost will make it even better though there were no specifics on how this would be achieved.
The Tron Virtual Machine gets the fourth upgrade with a number of security enhancements and improvements for dApp developers. An event server for dApps will also be launched as part of the Odyssey 3.5 network upgrade.