On Twitter, founder of Tron and CEO of BitTorrent, Justin Sun has declared his plans to bring in new mechanism regarding staking and rewards. The plans include TRX incentives for users and new staking partners for TRON.
A little upsurge in Tron’s price was seen after Justin Sun’s announcement. It is noteworthy that Tron has maintained green throughout the last month.
Sun Tweeted:
The new implementation should provide for a fair, decentralized distribution of staking revenues, encouraging greater user participation and smoother engagement with staking from more wallets, exchanges, and partners.
2. Greater voter turnout, along with higher stake ratio across the network, which will bring about a more active community and a more robust network economic system, increasing the lock-up amount from users within the #TRON ecosystem.
— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 21, 2019
In continuation with the previous tweet, he also posted that more backing and more stake ratio will make the network more active and will form a concrete economic system increasing the lock-up amount from customers within the network.
3. Fewer unnecessary dividend distribution transactions, leading to less bandwidth consumption and greater network robustness.
4. A foundation for more complex consensus and incentive plans, signaling more possibilities for future development.— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 21, 2019
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He further posted, “TRON Partner Staking & Vote reward” for each block, the most-voted 127 nodes (TRON partners) will receive TRX rewards in proportion to the votes they get.” He explained further that they have optimized the returns of staking users at 160 TRX for one block.
#TRON Partner Staking & Vote Reward: for each block, the most-voted 127 nodes (TRON partners) will receive TRX rewards in proportion to the votes they get. The total reward for one block is 160 TRX. We have optimized the way staking users can get returns.
— H.E. Justin Sun🌞(hiring) (@justinsuntron) September 21, 2019
He elaborated that more TRON nodes and more partners will lead to greater decentralization and more participation across the globe.
New Enhancements to the Tron’s platform
With consistent efforts to improve the network, Sun Network recently released a code for Tron’s Sun network Version 1.0.
Last week, the company introduced the BitTorrent Live streaming app. This will reportedly be working on Tron and BitTorrent algorithm.
More important announcements
Tron is soon expected to make more announcements regarding a release from Sun Network. The Sun network, launched on August 11, is a sidechain scaling option to empower the Tron network with enormous capacity. The Solution will enable decentralized applications to run more efficiently with more security and less power consumption.
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Last month, Sun also expressed his aspirations to see the TRX currency listed on the American version of Coinbase or Binance.
