After having set a new record with the new edition of its browser, Mozilla directed its attention towards making its browser the default application for as many Internet users as possible and also, towards enhancing the speed of certain web-based apps with the help of its TraceMonkey.

The way TraceMonkey works is it redefines the application’s JavaScript performance, thus providing it with a significant speed boost.

Mike Shaver, Mozilla vice president of engineering, said the new application would double the browser’s speed and would also take the users of JavaScript much further, thus reaching 3D graphics and image editing.

TraceMonkey will be made available to users everywhere by the end of 2008, when Mozilla’s Beta Firefox 3.1 will be launched.
Mike Shaver added that although there still is a lot of work to be done and bugs to be taken care of, the team is going strong and things are on the right track.

Brendan Eich, Mozilla CTO and the founder of JavaScript, said TraceMonkey features support for x86, x86-54 and ARM, which means that it is ready to be used for "mobile and desktop target platforms out of the box." He went on to say that he expects other browsers to take after Mozilla and use JIT native code compilation for improving JavaScript performance.

If things will indeed be as they are said to, it is very likely that Internet Explorer will lose even more users than it has so far.