Justin Sun Announces TRX Fee Reduction Due To Energy Price Cut

IconCryptoNewsTerminal Staff21 Aug, 2024

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Justin Sun Announces TRX Fee Reduction Due To Energy Price Cut

Justin Sun, the founder of Tron (TRX), has announced via Twitter that "as Tron usage skyrockets, with daily transaction volume exceeding 8.7 million and approaching 10 million, community Super Representatives have agreed to reduce Energy Prices to lower transaction costs". The proposal is set to take effect this week. TRX is a decentralized, open-source blockchain platform that supports smart contracts and decentralized applications (dApps). It uses a proof-of-stake consensus mechanism, which allows users to earn rewards by staking their TRX tokens. The reduction in Energy Prices is expected to make TRX more attractive to users and developers, as it will lower the cost of transactions.

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