Close Menu
    What's Hot

    What to Expect Next for Bitcoin? Which Direction is the Path Towards?

    Monday, 7 April 2025, 19:08

    BlackRock CEO Fink Warns of Further Market Drop, Recession, and Inflationary Pressures

    Monday, 7 April 2025, 16:50

    Trump Threatens 50% Additional Tariffs on China

    Monday, 7 April 2025, 16:08
    Facebook X (Twitter) Instagram
    CryptoMars
    CryptoMars
    • Home
    • News
    • Bitcoin
    • Ethereum
    • Solana
    • Cardano
    • XRP
    X (Twitter) Telegram
    CryptoMars
    Home ยป Tron Founder Justin Sun Announces Major Network Upgrade
    News

    Tron Founder Justin Sun Announces Major Network Upgrade

    Max BauerBy Max BauerSaturday, 7 September 2024, 19:07No Comments2 Mins Read

    Justin Sun, the founder of Tron (TRX) and a prominent figure in the cryptocurrency market, has announced significant upcoming changes to the Tron network aimed at reducing fees and boosting transaction capacity. In a recent statement, Sun revealed that discussions and plans to lower overall network fees are expected to commence as early as next week.

    Key among the proposed changes is a 25% increase in the network’s energy cap, which will rise from the current 120 billion to 150 billion per day. This increase is designed to enhance the network’s capacity, allowing more transactions to be processed daily. Additionally, the price per unit of energy will be cut in half, dropping from 420 SUN to 210 SUN.

    According to Sun, these adjustments mean that staking TRX will become more efficient, as users will generate more energy while paying less for it. This is expected to significantly reduce the cost of operating on the Tron network.

    Sun also highlighted the broader impact of these changes on the Tron ecosystem, forecasting that the total number of daily transactions could surge by 200%. The network, which currently processes around 7 million transactions daily, is projected to handle up to 20 million transactions, bringing it on par with the transaction volume seen on the Solana network.

    Related

    READ  Coinbase Teases cbBTC Logo, Fueling Speculation of Imminent Launch
    Max Bauer
    • Website

    Add A Comment

    Comments are closed.

    Advertisement
    Our Most Popular Articles
    • Telegram Announces Removal of "People Nearby" Feature and New Updates
      Telegram Announces Removal of "People Nearby" Feature and New Updates
    • Bitcoin Approaches $70,000 as U.S. Presidential Election Draws Near
      Bitcoin Approaches $70,000 as U.S. Presidential Election Draws Near
    • HEX Founder Richard Heart Added to Interpol's Most Wanted List
      HEX Founder Richard Heart Added to Interpol's Most Wanted List
    • Satoshi's Identity Sways Bitcoin Price, Study Finds
      Satoshi's Identity Sways Bitcoin Price, Study Finds
    • HBO Reveals Peter Todd as Satoshi Nakamoto, Todd Denies It: Forbes
      HBO Reveals Peter Todd as Satoshi Nakamoto, Todd Denies It: Forbes
    • Home
    • Disclaimer
    • Privacy Policy
    • Contact Us
    © 2025 CryptoMars

    Disclaimer: The information on this site is for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies involves risk, including loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not liable for any losses or damages incurred as a result of using the information provided on this site.

    For inquiries related to news tips, advertising, partnerships, or media requests, please contact [email protected]

    Type above and press Enter to search. Press Esc to cancel.