TRON is an open-source, public blockchain network designed for the creation and
deployment of decentralized applications (dApps) founded in 2017. TRON officially
became a decentralized autonomous organization (DAO) in Dec 2021, making it one of the
largest community-governed DAOs.
It employs a Delegated-Proof-of-Stake (DPoS) consensus mechanism, where 27 Super
Representatives are elected every six hours to maintain the network. TRON's Virtual
Machine (TVM), which uses "Energy & Bandwidth" instead of gas, allows affordable
execution of smart contracts and is compatible with Ethereum's Virtual Machine (EVM).
With a multi-layered architecture, TRON is recognized for its high transaction speed, low
cost, and hosts the largest circulating supply of stablecoin Tether (USDT).
Fundamentals and Performance
At the end of H1 2023, TRON’s block height exceeded 52.5 million. There were 7,385
nodes across the network, representing a 33.5% increase over H1.
In early April, the deployment of Stake 2.0 (TIP-467) on TRON’s mainnet was approved.
Stake 2.0 aims to bring greater flexibility to the TRON staking model, enhancing resource
utilization and system stability. It separates high-frequency resource delegation from low frequency staking operations, allowing resource re-delegation without unstaking and
improving resource management. By adding stake, delegate, and vote commands to the
TRON Virtual Machine (TVM), it expands use-cases and supports more applications.
Moreover, Stake 2.0 introduces a delay in unstaked TRX arrival to bolster the staking
model's stability and create a more predictable network for participants while removing
the 3-day non-voting period.
At the end of H1, TRX staked through Stake 2.0 accounted for 10.8% of the total stake,
benefiting from added support for Stake 2.0 by the likes of Trust Wallet, Gaurda Wallet,
NOW Wallet, and Via Wallet, among others.
For the full report click here.
deployment of decentralized applications (dApps) founded in 2017. TRON officially
became a decentralized autonomous organization (DAO) in Dec 2021, making it one of the
largest community-governed DAOs.
It employs a Delegated-Proof-of-Stake (DPoS) consensus mechanism, where 27 Super
Representatives are elected every six hours to maintain the network. TRON's Virtual
Machine (TVM), which uses "Energy & Bandwidth" instead of gas, allows affordable
execution of smart contracts and is compatible with Ethereum's Virtual Machine (EVM).
With a multi-layered architecture, TRON is recognized for its high transaction speed, low
cost, and hosts the largest circulating supply of stablecoin Tether (USDT).
Fundamentals and Performance
At the end of H1 2023, TRON’s block height exceeded 52.5 million. There were 7,385
nodes across the network, representing a 33.5% increase over H1.
In early April, the deployment of Stake 2.0 (TIP-467) on TRON’s mainnet was approved.
Stake 2.0 aims to bring greater flexibility to the TRON staking model, enhancing resource
utilization and system stability. It separates high-frequency resource delegation from low frequency staking operations, allowing resource re-delegation without unstaking and
improving resource management. By adding stake, delegate, and vote commands to the
TRON Virtual Machine (TVM), it expands use-cases and supports more applications.
Moreover, Stake 2.0 introduces a delay in unstaked TRX arrival to bolster the staking
model's stability and create a more predictable network for participants while removing
the 3-day non-voting period.
At the end of H1, TRX staked through Stake 2.0 accounted for 10.8% of the total stake,
benefiting from added support for Stake 2.0 by the likes of Trust Wallet, Gaurda Wallet,
NOW Wallet, and Via Wallet, among others.
For the full report click here.