After the launch of TRON Wallet, the price of TRON increased by 6%

The TRON Foundation has confirmed the release of the TRON Wallet application, which is an open source wallet. Thanks to this news, the price of the TRX coin increased by 6.03% to $0.042.

According to the developers, TRONWallet allows you to sign smart contracts and transactions, without the need for traders, users and investors to provide their private keys. Thus, TRONWallet strives to become the most reliable cryptocurrency wallet for the TRON network.

Technologies used in TRONWallet: TRON protocol, JavaScript, React and Node.js. The project is completely open source, so potential developers have access to the project and can work with it. Among other things, the TRON Foundation declares the following advantages of TRONWallet:

• Allows you to sign smart contracts and transactions in a special mode.

• Use the application without network access (via copy/paste, deep links and qrcode).

• Storing the completed database in Keychain iOS or Keystore Android with encryption AES-256 + SHA2 + DEVICE ID + PASSWORD.

 • Inability to use the completed database outside the application.

 • Works on iOS and Android operating systems.

 • Requires permission to access the network (there are no threats of hacking the network or transferring protected keys directly from the application).

The development of TRONWallet suggests that the TRON Foundation actively working on development, despite the transition to the MainNet network, which will result in the TRX token moving from the ERC-20 form to the TRON blockchain. For some time, the price of the coin remained unchanged, so the launch of a new wallet gives hope for positive dynamics. 

According to cryptodaily