• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Justin Sun Proposes Increasing Tron Energy Cap to 150 Billion

user avatar

by Giorgi Kostiuk

8 months ago


  1. Impact on Tron’s Staking Mechanism
  2. Reasons Behind the Recent Increase to 120 Billion
  3. Implications and Takeaways

  4. 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.

    Impact on 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. 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.

    Reasons Behind 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.

0

Share

Other news

Morpheus Project Updates: Performance Insights, New Technologies, and Development Progress

Overview of the Morpheus project's performance and development updates, including new model integrations and functionality enhancements.

user avatarGiorgi Kostiuk

7 minutes ago

Top Meme Coins: BTFD, Dogwifhat, and Pepe Take Center Stage

Explore the rising popularity of meme coins like BTFD, Dogwifhat, and Pepe and their potential opportunities.

user avatarGiorgi Kostiuk

7 minutes ago

Metaplanet Announces $21.25 Million Bond Sale to Boost Bitcoin Holdings

Metaplanet plans to raise $21.25 million for Bitcoin purchases, increasing its holdings to 5,555 BTC, strengthening its market position.

user avatarGiorgi Kostiuk

8 minutes ago

Gate.io: Reserve Report Confirms $10.865 Billion in Assets

Gate.io has released its reserve report confirming $10.865 billion in assets, enhancing user trust in the platform.

user avatarGiorgi Kostiuk

10 minutes ago

Arctic Pablo Coin: Details on the New Cryptocurrency with 6,300% ROI and Other Updates

Examining Arctic Pablo Coin with its unique deflationary model, alongside the latest news on Celestia and Terra Classic.

user avatarGiorgi Kostiuk

10 minutes ago

New Meme Coins of the Week: BTFD on the Rise, APU Recovers, MELANIA Under Fire

As trading heats up, new meme coins BTFD, APU, and MELANIA draw investor attention with their price fluctuations.

user avatarGiorgi Kostiuk

11 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.