The Tron network has started the elections of the Super Representatives (SR) on June the 26th. Two of the 26 Super Representatives have already been elected and are producing blocks. The name of these SR are Skypeople and Cryptodive, which have already taken important numbers of blocks. Meanwhile, the elections slowly keep going forward.
Justin Sun confirmed on June the 27th that the first Tron SR has been elected. But most of the TRX tokens are still locked on exchanges, which means that the voting is momentaneously hampered. It is also important to mention that in the last hour, the TRON network has only processed 48 transactions.
Until now, the network has been operating stable and there have been no problems as on the EOS network and its mainnet launch. In the coming days, new candidates may be elected and the community is closely following the elections.
Unfortunately for its investors, the enthusiasm for Tron has been decreasing, even when the TRX token has been accepted on the largest adult sites on the internet, PornHub, which is managed by MindGeek. It will be now operating with Verge and ZenCash. TRON is currently the 11th most important virtual currency with $2.6 billion dollars market capitalization. Each token can be bought for $0,0388 dollars. Since its all time high, Tron has lost more than 85% of its price, and the bear market may continue its downtrend. Tether (USDT) did not help to sustain Tron’s price which is still in a down trend.
At the moment, the Tron network has 446 nodes and 102 of them are located in the United States, 96 in China, 72 in Singapore, 26 in South Korea and 23 in India.
Tron has a very strong presence in different Social Media including Twitter and Telegram. Justin Sun, Tron’s founder, is very active on Twitter for example. Some days ago it had a conversation with Cardano’s founder Charles Hoskinson about embracing Cardano’s blockchain technology.
In the future, Tron may be one of the most important blockchain networks engaging with the entertainment industry.