TRON: Voting Request No. 71 Approved

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.

Jino Tokieda

Meet Jino Tokieda, a skateboarder for over two decades and a proud father of two. Jino is a unique individual, as he is a Japanese Filipino, and brings a unique perspective to his writing. With over 21 years of experience in the skateboarding world, Jino has a wealth of knowledge and experience to share with others. In addition to his skateboarding career, Jino has also worked as an account executive for a global photography company, giving him a diverse background and a unique perspective on the world. Since 2020, Jino has been writing articles for Tron Spark and has been involved with the TRON crypto community for a few years. With his vast knowledge and experience, Jino is sure to provide valuable insights and information to his readers.