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Tron Network Set for Major Transformation, According to Justin Sun

08.09.2024 17:00 1 min. read Alexander Stefanov
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Tron Network Set for Major Transformation, According to Justin Sun

Justin Sun, the founder of Tron (TRX) and a prominent figure in the cryptocurrency world, has announced upcoming major changes to the Tron network.

These changes aim to lower fees and enhance transaction throughput.

Starting next week, discussions will commence on plans to decrease network fees. The proposed updates include a 25% boost in the network’s energy cap, increasing it from 120 billion to 150 billion per day. Additionally, the cost of energy will be reduced by half, from 420 SUN to 210 SUN.

Sun indicated that these changes will improve TRX staking efficiency, enabling users to generate more energy at a lower cost, which will notably reduce operating expenses on the Tron network.

The adjustments are expected to have a substantial effect on the Tron ecosystem, potentially increasing daily transaction volumes by 200%. Currently handling around 7 million transactions daily, the network could rise to 20 million transactions, matching the volume seen on Solana.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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