TRON Community Approves Proposal to Reduce Network Fees by 50%
CryptoNewsTerminal Staff19 Sep, 2024
TRON Community Approves Proposal to Reduce Network Fees by 50%
TRON founder Justin Sun took to Twitter to announce that "TRON community SRs just approved the proposal to reduce TRON network fee by 50%, effective in 2 hours. This will make TRON-based meme coin transactions have the lowest fee in the industry. Expect to see more network activities and meme coin transactions due to the fee reduction." The proposal to reduce network fees by 50% was submitted by TRON community member "BlockchainBrad" on May 2nd, 2023. The proposal was approved by TRON community SRs on May 4th, 2023, and will go into effect in 2 hours. The fee reduction is expected to have a positive impact on the TRON ecosystem, as it will make TRON-based meme coin transactions more affordable. This could lead to increased adoption of TRON-based meme coins, and could also lead to increased network activity on the TRON blockchain.
