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Reading: Justin Sun Proposes Energy Cap Increase to Boost Tron Network Efficiency
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COINTURK NEWS > Tron (TRX) > Justin Sun Proposes Energy Cap Increase to Boost Tron Network Efficiency
Tron (TRX)

Justin Sun Proposes Energy Cap Increase to Boost Tron Network Efficiency

In Brief

  • Justin Sun announces Tron’s proposal to raise the energy cap to 150 billion.

  • This aims to lower transaction fees and increase network efficiency.
Fatih Uçar
Fatih Uçar 8 months ago
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Tron’s founder Justin Sun announced on his X account that the Tron Super Representatives Council proposed increasing the network’s energy cap from the current 120 billion to 150 billion. This new regulation aims to further develop TRX staking, generate more energy, reduce network fees, and enhance network efficiency and participation.

Contents
Tron Network to Boost Coin Staking Efficiency with New RegulationRecently Increased to 120 Billion

Tron Network to Boost Coin Staking Efficiency with New Regulation

The proposal marks another step in Tron’s ongoing efforts to optimize the Blockchain network by addressing high transaction fees users face. Increasing the energy cap is expected to enhance the staking efficiency of the Tron network, allow more TRX coins to be staked, and thus enable the generation of additional energy.

This increase in energy will enable users to conduct transactions at lower fees, which is critical for maintaining the network’s competitiveness and usability.

Tron’s energy model allows users to stake TRX coins to earn energy, which is then used to pay for executing smart contracts on the network. Since energy is consumed instead of TRX, this staking mechanism effectively reduces transaction costs for users. A higher energy cap means more users can benefit from staking, and the network can handle higher transaction volumes without increasing fees, encouraging more participation and overall efficiency in the Tron Blockchain network.

Recently Increased to 120 Billion

The proposal to increase the energy cap to 150 billion came shortly after the previous proposal to raise it to 120 billion. This indicates that the council closely monitors the community’s needs and the network’s growth. The council believes these adjustments are necessary to keep Tron’s Blockchain efficient and cost-effective amid increasing demand and competition from other Blockchain networks.

If approved, the proposal is expected to take effect by Friday at the latest, with the new energy cap being implemented swiftly. Stakeholders and interested parties can find more details and track the progress of the proposal, listed as Proposal No. 94, on Tron Blockchain’s official block explorer, Tronscan.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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.

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Fatih Uçar 11 September, 2024 - 1:37 pm 11 September, 2024 - 1:34 pm
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