On October 8, CEO of Tron, Justin Sun introduced an updated version of the network called Odyssey 3.1.
Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX
— Justin Sun (@justinsuntron) October 8, 2018
He added that after the upgrade, the Tron Committee and TVM functions will be available, and the “era of smart contracts” will come on the network.