The Tron
A proposal to cut the cost of energy, a resource used to process transactions, is gaining support and is nearing the number of votes needed to pass.
The voting ends on August 29, and if just one more approval is secured, the plan will move forward.
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The change would lower the energy price from 210 sun to 100 sun. In Tron’s system, 1 TRX equals 1,000,000 sun, so that this change would cut the energy cost by more than half.
This means that many users, especially those sending numerous transactions, such as stablecoin transfers, would require less TRX to cover fees.
However, with energy priced at 210 sun, about 76 million TRX is burned or removed from circulation. If the new rate of 100 sun is adopted, that burn rate would fall, which might lead to more TRX being created than destroyed, unless transaction activity increases to make up the difference.
As of August 27, 17 of the 27 Super Representatives, the entities that validate blocks and vote on upgrades, had approved the proposal. These include participants like Chain Cloud, CryptoChain, Nansen, HTX.com, P2P.org, and Tron Alliance.
Ten more have yet to vote, and only one more “yes” is needed to meet the required 18 approvals.
Meanwhile, Solana recently experienced a short-lived surge in network activity, with transactions per second (TPS) reaching six figures. How? Read the full story.
