A new proposal is published for Tron that focuses on making TRX a deflationary asset. The TRON’s Super Representatives (SR) will vote for or against proposal 51 in the coming weeks. Fernando Sobeira, the Head of Blockchain Research and Development in Klever, has published the proposal on TRON SR Crypto Chain. He believes proposal 51 will increase the value of TRX and TRX-based tokens.
Encouraging Higher Freezing Rate of TRX
Proposals are crucial features in blockchains. They help the community and the overall network grow while focusing on improving the user experience. On each blockchain, a specific group of community members can propose upgrades and changes. In most cases, you have to be a holder of the governance token or a particular member to propose.
In Tron, the RS members are eligible to propose upgrades and changes. The new proposal in the RS forum of Tron is named 51 and focuses on increasing the bandwidth and energy fees to make TRX a deflationary asset.
Tron bandwidth is one of the unique features in the blockchain that encourages users for more transactions. It allows users to perform transactions without paying extra gas fees. The recent proposal is focused on this feature and says:
“Increase the current near-minimal fees for bandwidth and energy by 3,5 times in order to encourage higher freezing rate of TRX, diminish low-value transactions (spam txs), increase security, reduce TRX in circulation, and promote the increase of TRX’s value by eventually making TRX a deflationary asset.”
Blockchain proposals describe the needed steps to implement the proposed changes. Proposal 51 says the unit price of Tron bandwidth should increase from the current 40sun to 140sun. Besides, the unit price of energy should increase from 40sun to 140sun. The other change focuses on the upper limit of fee limit that should increase from 1000 TRX to 5000 TRX.
SR members of the Tron network hold discussion meetings to discuss the latest changes in network stats and possible upgrades. Proposal 51 is a result of their last meeting. Because the previous energy price increase has resulted in increasing the amount of frozen TRX in the network, Fernando Sobreira believes that more increases in energy price will result in the same situations.
Proposal 51 aims to increase the freezing rate and total frozen amount in the Tron network. If the proposal receives the required votes, it may reduce TRX in circulation and increase TRX value.
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