Founder of Tron Justin Sun, Wins the Supernode Election, Now Promises to Donate Revenue to TRX Development
Thank you for everyone who voted for me as a #TRONSR. I will live up to the responsibilities of this new role. All #TRX received will be returned to the community. Each vote counts! #TRON to the future! https://t.co/0RoVjrer49 pic.twitter.com/H2sPfm6EEa
— Justin Sun (@justinsuntron) July 20, 2018
Tron Founder Sun is Supernode operator
It took a mere few hours for Justin, who made the announcement for his candidacy on Wednesday, to receive enough votes to win the position as one of the super representatives on Tron network.
When the writing happened, Sun’s Supernode – called JustinSunTron – had more than one hundred and twenty million votes, making him the eight highest ranking Super Representative candidates in the organization.
Sun made several thank you statements to the community in tweets and a post published on the Tron SR forum, stating that it marked a very important point in this move from founder of the project to actual member of the growing decentralized government. Sun also made new commitments to the TRX Token and network as he received the ability to operate a supernode to help push the Tron network along in development.
The new TRX Justin gets once elected is going to be given back the community, to help support the outstanding developers, supporters, as well as individuals, organizations, teams, and other groups of people who have supporter the TRON community and network along the way.
What is a Super Representative?
Operating as super representative is something that will increase the influence of Sun on the TRX network – giving him more influence along what he already has as the founder of the project – it’s not likely he will disappear from the spotlight or fade into the background as it normally happens. Justin will remain an active protocol in the development of the TRON network.
Just like the EOS that was recently launched, TRON takes advantages of the PoS (Delegated Proof of Stake) consensus algorithm. With the new model, there are only a limited number of supernodes processing transaction to better guarantee safety and security on the network. Rules are easier to enforce this way, making the cryptocurrency more secure, with a better ability to scale that if it relied on a Proof of Work (PosW) system like Bitcoin doe. The only side effect is that it comes at the cost of decentralization, but, because the responsibilities are put into the hands of small entities, it’s more beneficial in actuality.
To make up for it, the DPoS networks like Tron and EOS need supernode candidates to run, so users can stake their tokens to vote for which of them will be able to process the transactions made on the network. The new protocol will randomly choose which of the nodes will be able to process each block.
Theoretically, the measures taken will stop any malicious node operations from occurring, meaning that now attacks can be made on the network, since node operators don’t know what blocks they will take possession of in the process, and users will be able to vote out actors who don’t operate properly.
All the same, critics assert that even measures of this nature won’t prevent operators from working together – especially those that are in a geographically centralized area – making them highly susceptible to pressure put on them from oppressive or hostile factions and governments.