This article was first published on Stories by TRON Foundation on Medium
Justin's Open Letter On How TRON Network Will Enhance Its Democratic Governance And Development In The Future
As we received much feedback from community members and developers regarding Proposal №47 and Proposal №48 that have just been approved through democratic voting two days ago on November 25, 2020, I would like to share some of my ideas on how TRON network will enhance its democratic governance and development in the future.
Unlike many public chain projects that have flopped, this year TRON network has surpassed Ethereum to be the busiest public chain across the industry. If Bitcoin is the digital gold, it is safe to say that TRON is the digital petroleum; if Bitcoin is the foreign exchange reserve for the digital world, then TRON is the economic necessity that you cannot live without.With over 1.7 million transaction requests being processed on average every day, TRON has become the most important infrastructure and layer 2 network in the industry. My top priority, which is also the core vision of TRON, is to transform it into a fast, efficient and ultra cost-effective decentralized network centered around a well-established incentive and governance mechanism.
As more users are coming to TRON, people may ask: How decentralized is it on TRON? How secure is it?
Simply put, TRON is decentralized and secure.
Security is in essence a cost issue. It’s about how much budget a network is willing to allocate to uphold its security.For either a PoW or a PoS network, its decentralization and security depend heavily on investment. To be specific, a PoW network (e.g. Bitcoin and Ethereum) forestalls malicious attacks by constantly upgrading computing power. A PoS network (e.g. TRON), by contrast, prevents attacks by increasing staking ratio and the absolute amount of tokens staked. In this respect, TRON ...
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Stories by TRON Foundation on Medium