TRON’s blockchain ecosystem is set to become a lot cheaper with the approval of a proposal to cut transaction fees by 50%.
TRON's Fee Reduction
TRON’s Super Representatives have approved a proposal to cut transaction fees by 50%, a move expected to significantly boost network activity, especially in meme-based transactions. The reduction will take effect two hours after approval. According to Justin Sun, meme transactions on TRON will now have some of the industry's lowest fees.
Optimizing TRON's Energy Model
The approved proposal, put forth by a user named 'BlockAnalysis', includes three key changes to improve TRON’s dynamic energy model. First, it sets the energy threshold at 5,000,000,000 units, which should make transactions more efficient. Second, it lowers the cost of user transactions to 0.00021 TRX. Third, it includes measures aimed at reducing costs for developers.
Technical Analysis of TRX
Technical analysis shows a neutral relative strength index (RSI), indicating potential consolidation or mild recovery for the price of TRX.
The 50% fee reduction and optimization of the energy model could significantly boost TRON's network activity and make it more attractive to both users and developers.
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