Justin Sun Discloses New Strategy for TRON’s Proof-of-Stake Mechanism
Justin Sun, Tron blockchain platform founder, has suggested a new proof-of-stake protocol for Tron (TRX). Through several tweets, Sun revealed four major developments in the latest idea for Tron’s PoS protocol. In particular, the developments will concentrate on the method of disbursing revenues accumulated from staking and better interaction of the community.
Sun stated that the Foundation will look at “a fair, decentralized distribution of staking revenues” to increase involvement of users and blockchain sector players such as wallet providers and cryptocurrency exchanges.
To promote more interaction among the community members and guarantee a strong economic system, Tron also intends to increase stake ratio throughout the network and slash unnecessary transactions related to dividend distribution.
Sun further stated:
“#TRON Partner Staking & Vote Reward: for each block, the most-voted 127 nodes (TRON partners) will receive TRX rewards in proportion to the votes they get. The total reward for one block is 160 TRX. We have optimized the way staking users can get returns.”
#TRON Partner Staking & Vote Reward: for each block, the most-voted 127 nodes (TRON partners) will receive TRX rewards in proportion to the votes they get. The total reward for one block is 160 TRX. We have optimized the way staking users can get returns.
— Justin Sun (@justinsuntron) September 21, 2019
Notably, Tron is anticipated to provide an update for the Sun Network, which was officially unveiled on August 11. The Sun Network is a scalability solution, using sidechain, for the Tron blockchain.
Once implemented, the solution is expected to make Tron theoretically infinitely scalable. Furthermore, the solution will supposedly permit decentralized apps to guzzle less energy and operate with better security and capability. In August, Sun opined that getting TRX crypto listed on the Binance platform serving the US clients or Coinbase is one of his main objectives.
AuthorKelly Cromley
Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.
