Tron And Bitcoin: Will A Block Reward Cut Boost TRX Price?
Justin Sun, founder of TRON, announced a potential reduction in TRX block rewards due to the cryptocurrency's rising price, drawing parallels to Bitcoin's halving mechanism. Sun indicated that the increased rewards for block-producing nodes may warrant a moderate reduction. He suggested that TRX could enter a halving cycle similar to Bitcoin's, which historically led to a decrease in block rewards as the network matured. Sun proposed that reducing TRX block rewards by 2 million could double the deflation rate to 2% per year, potentially impacting TRX cycles akin to Bitcoin's halving. The proposal aims to balance supply and demand, enhance user participation in staking, and promote the sustainable development of the TRON ecosystem. Benefits include improved deflation, increased staking incentives, strengthened network security, and better economic alignment. The proposal has been formally submitted on GitHub.
