Altcoin News: Justin Sun Reveals Details of Tron’s New Staking Structure

September 23, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

TRON CEO Justin Sun on Saturday revealed the details of a new cryptocurrency user and partner reward plan.

In a series of tweets, Sun said that TRON is implementing a “decentralized and fair” model for the distribution of staking awards, which will increase the level of participation of users, exchanges and other partners in the project. It is assumed that this will also lead to the more active participation of TRX owners in the vote and a decrease in the number of transactions for the distribution of dividends absorbing a share of the network’s resources.

“ A foundation for more complex consensus and incentive plans, signaling more possibilities for future development,” Sun assures.

For each block added, 127 nodes selected by voting will receive awards in proportion to the number of votes cast for them. Currently, TRON uses a structure based on 27 super-representatives and 127 candidates. According to the intention of the developers, the proposed model will reduce the dependence of the network on its individual participants and thus increase the degree of decentralization.

When the new staking structure will be launched in the main TRON network, Sun did not specify.

In addition, on Friday, the BitTorrent project announced the official launch of its streaming service BLive using the TRON protocol. As Sun noted, BLive will allow the use of TRX and BTT tokens to reward users and “open the era of token economies.”

TRX is currently the thirteenth largest asset on the market. After reaching a local peak in June, the cryptocurrency rate fell more than 2 times.

Author: Marko Vidrih