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TRON has officially approved the No. 71 voting request (#11 Proposal and #47 Proposal) of the TRON blockchain and was officially approved yesterday.

No.71 voting request states that there would be an increase to the energy unit price from 140sun to 280sun and increase the value range of fee limit from 0.5000 TRX to 0.10000 TRX.

Since being approved, as stated on their Twitter page there would be an increase in the burned amount of TRX, a reduction of the current TRX circulation, the improvement of the security and reliability of the TRON blockchain, and promoting TRX into a deflationary mode.

What would happen to TRON transactions now?

With the approval of voting request no.71, all of the smart contract transactions would be burned twice the amount of TRON if your wallet has insufficient energy.

As a best practice, it would be safe to always check your energy and bandwidth on your wallet before making any transactions.

Since the announcement last night, the community had been having a lot of discussions about this decision from TRON but let see how it develops over the next following months if there would be good feedback and data with this decision and what are upcoming significant security and reliability improvements within the TRON blockchain.

What is TRON?

TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.

TRON is dedicated to building the infrastructure for a truly decentralized Internet and they have added blockchain support to different fields such as DeFi, NFT, and GameFi.

We want to know your feedback regarding TRON’s decision to approve voting request #71 in the comments section below.

For more news and updates, see Tron Spark.

Comments

Jino Tokieda

Former EMEA/APAC Operations Executive for a global photography company with 5 years of experience working with top technology companies in the US and have been involved with cryptocurrencies since 2019. Always been a fan of TRON and started getting into the TRX scene around January 2020. Besides creating articles for Tron Spark, I'm a skateboarder and working for a coffee company in Fort Worth, Texas.

TRON: Voting Request No. 71 Approved