- Justin Sun reveals plans for Tron’s upcoming staking mechanism
- The plan revolved around the incentive structures of the stakes
- This will provably lead to a greater user base for Tron in the long run
Justin Sun, the CEO of Tron, Inc and BitTorrent, recently took to Twitter to reveal his plans for Tron and its upcoming Staking Mechanism. The plan were revealed in a 5 continuous tweets, each covering a particular area of the plan.
The first update was about a more decentralized wallet where users can directly stake. The wallet is supposed to be smoother and extremely user friendly. To encourage the community to be more active and ensure a more robust network economic system, Tron is also planning to raise stake ratio across the network and reduce unnecessary dividend distribution transactions.
He then went on to talk about implementing a greater stake ratio which will get in a greater voter turnout. When distributing the dividends, they will be cumulated before distributing which will lower the network bandwidth and won’t strain the network.
All this might lead to a greater nodes, which will directly lead to higher decentralization and a global network of dedicated users.