DPoS

#TRXETF

TRON (TRX) is currently trading at $0.24 with a 1.38% increase over the past 24 hours. Here are some key market trends worth following ¹ ²:

- *Market Cap*: $22.97 billion - $23.21 billion, ranked ninth in terms of cryptocurrency market capitalization.

- *24-Hour Trading Volume*: $431.01 million - $396.63 million, indicating moderate trading activity.

- *Circulating Supply*: 94.94 billion - 95 billion TRX tokens.

- *All-Time High*: $0.4407 (December 3, 2024)

- *All-Time Low*: $0.001091 (September 15, 2017)

*Recent Developments:*

- Canary Capital has filed for a TRX exchange-traded fund, which may boost investor interest.

- TRON's delegated Proof of Stake (DPoS) consensus mechanism allows for high throughput and energy efficiency.

- The TRON network supports smart contracts, decentralized applications, and direct interactions between creators and consumers.

*Price Performance:*

- *Daily Change*: +1.36% - +1.38%

- *Weekly Change*: -0.96%

- *Monthly Change*: +5.16%

- *Annual Change*: +121.44%²
#tron #TRXEFT #Trxusdt #DPoS
$TRX

$SXP (blockchain) is currently transitioning to a community-controlled DAO called Solar.
The project will have its own layer-1 blockchain and will continue to use the SXP token.

Binance will continue to use SXP for card transaction fees.

Additionally, SXP will evolve to create and offer multiple utilities on its Blockchain.
Utilities such as:
- Token protocol for creating fungible and immutable tokens on the blockchain.
- Burn mechanism to burn all fees without generating tokens.
- Fake rewards (DPoS)
-Metaverse
- NFT Marketplace
- Launchpad

#SXPUSDT #binance #dpos

And much more.

[A web3 concept every day] Quickly understand DPoS
DPoS (Delegated Proof of Stake), the full name is Delegated Proof of Stake.

We have talked about PoW and PoS before. Their shortcomings are obvious. PoW will consume a lot of resources, while PoS will not consume resources, but they can easily lead to the rich getting richer, leading to the centralization of the blockchain system.

In order to deal with these two problems, DPoS emerged. In DPoS, currency holders can vote for a small number of nodes to serve as representatives. These representatives are responsible for verifying transactions and creating new blocks. They are called witnesses (Witnesses). Only the top N with the total number of consent votes (different chains will have different standards) can be selected as witnesses. This batch of witnesses will randomly verify and package the data in the next 1-2 days, and the next batch of witnesses will be replaced as soon as the time is up.

At the same time, currency holders can also vote for Delegates. Representatives have more rights. They can change network parameters, including transaction fees, block size, witness fees, block intervals, etc.

Since only a few elected representatives participate in the consensus process, DPOS is usually faster and more efficient than other mechanisms, while also avoiding centralization issues because currency holders will choose less centralized nodes to be witnesses. People and representatives.
#dpos #DCA #避免中心化
#Tao #restaking