With 13 days, 320 hours, 19,206 minutes, 1,152,394 seconds, Tron [TRX] is geared up completely for the Main Net launch with the token swap also occurring simultaneously. Following this is the Super Representative Election which will be held on the 26th of June right after the installation and migration of tokens. The number of candidates participating or contesting for this has crossed 50 and is still seeing new entries every day. This is the main node for the main net launch as the winner of the elections either a company or an individual will support the Tron network and hold value to a great extent. Here is everything that is necessary to be eligible and contest for these as well as being a part of the Tron’s community and support the Main Net migration.
Tron’s vision for the future:
To build an ecosystem of their own allowing everybody to participate and benefit from it. Some distinct features fo this includes reduced costs, convenience, DApps functionalities to build fortunes, Business expansion and traction gaining as online influencers and thought-leaders for the developer’s community, great returns from the network for any kind of contribution regardless being a developer, user or network witness.
Token Migration from ERC-20 to TRX:
For a long time now, the most asked question is what happens if one doesn’t migrate the tokens or why do they have to do it in the first place? The answers were not given out to date at least not clear enough to convince the existing users. The team answered this through a Q&A post recently, explaining, “currently this is the only way of migration. Out of concern for the security of user assets, TRON Foundation decides to migrate TRX only through exchanges to avoid the risk of asset loss if users miss the timing for snapshotting when they migrate in the mapping-snapshot mode.” Token holders of TRX do not have to worry about suffering any kind of loss at all because there will be an exchange supporting the migration of TRX permanently and hence, for the users who have not migrated by June can wait for regular swaps later on.
All about the Super Representative Election:
The election will pick out 27 deserving candidates who will regularly maintain the network and will receive rewards for their active participation and contribution to the community. The 27 SR’s who will be elected are the bookkeepers on Tron [TRX]’s network who are responsible for the verification and packing of all transaction data broadcasted by the network. Tron’s blockchain explorer can be used to dig deep and find out more about the existing candidates participating in the election while the list is available on their official website. Supporters can only vote for one witness per vote to keep it fair and smooth as per Tron’s rules. The wake of this election will see Tron enter a new phase of co-governance by the community and foundation of Tron as the foundation will continue to provide technical support to the network.
Apart from voting, existing TRX holders can use their portion of the asset which is equivalent to owning a part of Tron’s resources to crowdfund or collect airdrop candies.
Tron’s network algorithm, DPOS or TPOS?
DPOS works to achieve high-speed data processing with a compromise made to the degree of decentralization for the existing technologies. Tron built a consensus to cater to the needs of their network on the basis of DPOS, meeting all the necessary demands for the technology. This is why Tron’s network is based on the original DPOS algorithm and is different from TPOS.
After the Main Net:
Tron [TRX] TPS will be in tens of thousands as it claims right after the successful launch and the team will continue to optimize the main net even after the launch.
The team stated:
“One version update will be made every quarter to continuously perfect and enrich TRON’s network.”
“Before Q2 2018, when the main net is launched, we give priority to its functions, security testing and further improvements to TPOS. In Q3, our main target is to comprehensively support third-party apps and to provide them with a stable and reliable system, or more specifically, high-performance pluggable smart contract VMs and optimized P2P network. As for Q4, we will concentrate on inter-blockchain communication and privacy protection.”