In a series of tweets, “the king of hype” a.k.a CEO of Tron disclosed that the platform will witness improvement in the area of distribution of staking revenues. More precisely, it is about to introduce a new proof-of-stake algorithm. This improvement will predominantly apply to the distribution of staking revenues.
To that end, Sun stated that the platform will consider “a fair, decentralized distribution of staking revenues” to encourage users and improve their participation.
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
The new staking plan comes with several TRX incentives for users. For instance, it aims to bring more active members to the Tron community as well as improve users participation.
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.
— Justin Sun (@justinsuntron) September 21, 2019
Tron is also planning to increase its stake ratio across the network.
Besides, it will ensure the reduction of transaction dividends to the barest minimum. Thus, the users will experience a more robust and active economic system. It will help to reduce bandwidth consumption.
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.
— Justin Sun (@justinsuntron) September 21, 2019
Sun ended his series of tweets with a promise of more partners and declaration of a more decentralized platform.
5. More #TRON nodes and Partners. Greater decentralization. More global and community participants.
— Justin Sun (@justinsuntron) September 21, 2019
More improvement to the Tron’s platform
The Tron platform is continuously improving. Recently, it released the code for Tron’s Sun Network Version 1.0.
Besides, less than a week ago, the platform introduced the beta version of its (BitTorrent live) streaming app. This new streaming app for both videos and audio will work both on Tron and BitTorrent algorithms.
“This is a bold move in the application of the blockchain technology. BLive will usher in an age of token economy,” Sun noted.
