TRON’s blockchain has presented a new method for block confirmation on the platform. The new method entails proof-of-stake voting mechanisms with centralization. These feature promote speed and scalability. Further, the blocks are created by Super Representatives, which are validators.
There are over 160 candidates looking to be a super representative on the platform, but only 27 of them will be selected. The TRON community determines who will have the opportunity to be a representative. Representatives must have more votes than the late candidate and their own community votes for them as well.
Aside from transaction confirmation, the representatives perform technical governance as well. Anyone can apply to be a super representative, but generally, the applicant must have over 10000 TRX in their account.
Every block that the representative generates will be compensated with 32 TRX coins. All super representatives will collectively receive 336,384,000 TRX coins within the first year and the rewards are credited to the representative’s sub account in the super ledger.
TRON has a new SR who has not created any blocks. It's time that we as a community safeguard the stability of the #TRON blockchain
Intergalactic Gaming has been a loyal community SR & is building an esports platform on TRON
— Misha Lederman (@mishalederman) April 18, 2019
It may also be the case that where a representative that does not produce any blocks within the first 24 hours, that representative will be removed from the list. This promotes more competition and may even lead to better results. What does the cryptocurrency community who are involved with Justin Sun's Tron think about this matter?
Live Tron (TRX) Price:
1 TRX/USD =$0.0202 change ~ -0.91%