A proposal to reduce transaction fees on the Tron network is gaining momentum after being presented by developer GrothenDI. This proposal could impact transaction costs.
Overview of Proposal 789
Proposal 789, submitted on August 8, aims to lower the energy unit price from 210 sun to 100 sun. This would reduce costs associated with energy consumption for transactions on the Tron network, making it more accessible.
Historical Context and Possible Consequences
Historical data indicates that previous changes, like the cut in fees in Proposal 95, led to a surge in new smart contract deployments. However, concerns exist that lowering fees may lead to inflation unless transaction volume increases.
Current Voting and Support
Voting for the proposal commenced on Tuesday and will conclude this Friday. As of midweek, 17 votes in favor have been recorded, including support from Chain Cloud, CryptoChain, and Nansen. To pass, at least 18 out of 27 Super Representatives must endorse the proposal.
The reduction of transaction fees on the Tron network may enhance its appeal, but inflation potential must be considered. Final voting results are expected early next week.
