- TRON has raised its energy cap to 120 Billion as part of Proposal No. 92, aimed at reducing congestion and lowering transaction fees on the network.
- The adjustment comes as a response to increased network traffic, mainly due to a surge in meme coin activity on the SunPump platform.
- The swift implementation of this proposal demonstrates the TRON community’s proactive approach to enhancing network performance.
The TRON community has officially activated Proposal No. 92, increasing the energy cap of the network up to 120 billion. This is meant to address a recent increase in congestion and transaction fees. The change is expected to improve the activity of the whole network since stakers would be able to perform more transactions for TRX and, at the same time, decrease the gas fees. The change is now in force, thus representing a considerable shift.
The decision to increase the energy cap comes after recent congestion of the TRON network, which was caused by a surge in meme coin transactions on Sunpump, a TRON sub-project. Implementing the higher energy limit is expected to clear up the network and improve the transaction speed. This update will likely reduce network pressure by handling more transactions, thus decreasing the gas fees and making it more affordable.
TRON Community’s Role in the Execution
It is crucial to highlight that the adoption of Proposal No. 92 occurred swiftly – proving that the TRON community is active and adaptive. Justin Sun, the founder of TRON, thanked the community for successfully executing the proposal, stressing that the joint work aimed to improve the network’s performance. This is regarded as an effort to adapt to the latest trends in the TRON ecosystem, such as the rise in meme coin popularity.
With the new energy cap imposed, TRX stakeholders may experience a rise in transaction throughput, which may translate to increased engagement on the network. The adjustment is also viewed as a preventive measure to address possible future growth in network traffic.
As the user base expands and more people actively use the TRON system, there is the need for increased transaction throughput. This means that many transactions can occur without compromising the efficiency and performance of the network and without having to pay higher transaction fees. With the rising complexity that may be required from the consumers of TRON, there could be other developments in the future to ensure the TRON network is capable of handling the increasing traffic.
The post Tron’s Big Move: Energy Cap Hike to 120 Billion Aims to Tame Transaction Fees appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed