Justin Sun, the founder of Tron, has revealed a proposal to increase the network’s energy cap from 120 billion to 150 billion. This initiative aims to enhance Tron’s staking process, generate additional energy, lower transaction fees, and improve overall network efficiency and participation.
How Will This Affect Tron’s Staking Mechanism?
The proposed energy cap boost is a strategic move to refine the Tron Blockchain network by cutting down on the high transaction fees users currently face. By increasing the energy cap, Tron aims to make staking more efficient, allowing a greater number of TRX coins to be staked and generating more energy in the process. This surplus energy will lower transaction costs, making the network more competitive and user-friendly. Access NEWSLINKER to get the latest technology news.
Tron’s unique energy model enables users to stake TRX coins to earn energy, which then covers the cost of executing smart contracts. Because energy is consumed instead of TRX, this model significantly reduces transaction costs. An elevated energy cap means more users can stake their TRX, thus benefiting from decreased fees and fostering higher participation rates within the network.
What Prompted the Recent Increase to 120 Billion?
The push to elevate the energy cap to 150 billion follows a recent increase to 120 billion, showcasing the council’s attentiveness to community needs and network expansion. These incremental adjustments are deemed necessary to maintain Tron’s efficiency and cost-effectiveness in the face of rising demand and competition from other Blockchain networks.
Implications and Takeaways
The proposal highlights several key implications:
- Increased energy cap aims to lower transaction fees.
- Enhanced network efficiency and user participation.
- Encourages more TRX staking, generating additional energy.
- Promotes Tron’s competitiveness amidst growing Blockchain demand.
If approved, the new energy cap will be implemented by Friday. Stakeholders and interested parties can follow the proposal, listed as Proposal No. 94, on Tron’s official block explorer, Tronscan. This development is seen as a proactive measure to sustain and boost Tron’s Blockchain network capabilities.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/justin-sun-advocates-tron-energy-cap-boost