Justin Sun, founder of TRON and CEO of BitTorrent has tweeted yesterday and he announced a new update of Proof-of-Stake and he also mentioned planning of incentive of TRX staking. Sun discussed the four new improvements TRON is bringing in the firm. The good is that the currency was also trading with the bullish movement yesterday and today. Today the currency is also increased by 3% despite today’s bearish market.
Yesterday, it was the only currency in the top 20 which is trading in the green signal and after the tweet of the Sun, currency catches some more pace. He also disclosed that these new executions will be offering a
“fair, decentralized distribution of staking revenues, encouraging greater user participation and smoother engagement with staking from more wallets, exchanges, and partners.”
New Staking #TRON Partners $TRX Incentive plan coming:
1. A fair, decentralized distribution of staking revenues, encouraging greater user participation and smoother engagement with staking from more wallets, exchanges and partners.
— Justin Sun (@justinsuntron) September 21, 2019
Obviously, these improving PoS implementations would provide the platform to need a lower level of bandwidth utilization and also it will offer powerful. There will be more nodes of TRON and more alliances which should be offering a great level of decentralization. Sun also said that the users will get TRX rewards for most-voted 127 nodes and as per the votes numbers, users will receive rewards. This improvement in the company will attract more participation.
As per the reports, DApps of TRON has achieved the total number of 563 and TRX of around $5.2 billion is closed in the staking. The average return of 13.2% and users are getting $700 annually for staking on TRON. The main of the TRON is get register on the Coinbase’s American version or on Binance.
Tron introduces the Sun Network on 11th August 2019. They started this as a side-by-side scaling solution created for providing the non-stop scaling power for the network. This side-by-side scaling solution is now getting a new update. With the new update, this will allow DApps to work with more efficient, security and to consume less energy.