$TRX
This discussion about TRX's upcoming reduction in production is worth paying attention to! Will TRX enter a halving cycle like Bitcoin?
I would like to share my personal views. As we all know, TRX has been in a deflationary situation of 1% per year, making it the only deflationary cryptocurrency among all mainstream ones.
However, due to the gradual increase in TRX's price, the rewards for block production across the network have risen too much and can be moderately reduced.
The Bitcoin network developed in a similar way; as the network grew, the rewards for block producers decreased. In the early stages, it was understandable to have higher block rewards for cold starts, but after the price of Bitcoin surged significantly, the block rewards decreased. The halving has greatly helped Bitcoin's cycle. This aligns with the original spirit of Satoshi Nakamoto's design for Bitcoin.
From the example of TRX, even assuming a daily reduction of 1 million TRX in rewards, the deflation of TRX could increase by 50%, reaching 1.5% per year. If the reduction is 2 million TRX, the deflation could reach 2% per year, a 100% increase in deflation, which would have a cyclical impact on TRX comparable to Bitcoin's halving.
Even with the reduction in TRX, the current rewards are still very attractive for nodes across the network.
The real decision is left to the TRX community to make.
github.com/tronprotocol/t…@TRON Community @TRON DAO #TronNetwork #Trx