TRON to reduce energy cost to decrease the cost of smart contract, Justin Sun confirms
The founder and CEO of TRON, Justin Sun, informed the community that he has given a proposal aiming at reducing the fee of 1 energy to 0.00001 TRX.
He took to Twitter to explain about his 9th proposal, “I have submitted Proposal 9 to reduce #TRON energy cost from 20 sun to 10 sun, which will dramatically decrease the cost of smart contract and create a developer friendly environment. Please vote for Proposal 9!”
The news of the proposal was shared by Sun on December 10 and on December 13, Justin Sun confirmed that the proposal has been accepted. The proposals are approved and disapproved by Tron Super Representatives, representing the network and the community. The proposal needs to get a minimum of 2/3rd of the Super Representatives’ approval in order to get activated. If the proposal doesn’t hit the minimum requirement it will be put on pause unless it is again proposed by another SR.
Recently, Sun also won the proposal 7 which plans to “modify the total energy limit to 250 billion.” The focus is to improve the dApp activities on the network, which was approved by all the Representatives of the network. Soon after the approval of the proposal, Sun mentioned that the Foundation is expecting around 500% increase in the decentralized applications activities.
Moreover, according to Tron Foundation’s latest announcement, Tron’s Discord channel has already more than over 1.4k developers. They stated, “With over 1.4K developers on our Discord channel in less than 2 months, TRON is excited to see more growth in the upcoming months! $TRX”
In other news, TRON [TRX] recently announced that the users will now be able to trade the crypto faster and safer as TRON [TRX] is now available on SwftCoin. Justin Sun shared the news on Twitter stating, “TRX is available on @SwftCoin, a one-stop, cross-chain wallet app that enables users to trade crypto simpler, faster and safer. Utilizing AI & patent-pending cross-chain transfer algorithm, users can enjoy best rate and low fees. #TRX $TRX #TRON”
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