Justin Sun’s energy cap and fee reduction proposal has been drafted, voting to commence
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Tron founder and crypto entrepreneur Justin Sun issued a proposal to limit energy usage and reduce transaction fees in the Tron ecosystem after the Sunpump frenzy. Sun’s recent announcement indicates the proposal has already been drafted, and voting is expected to commence soon.
The Tron ecosystem recently rose to prominence among crypto enthusiasts due to its performance, which led to increased activities on the network. However, the surge in on-chain transactions on the Tron network triggered an energy shortage crisis and caused volatility in transaction fees.
Justin Sun drafts a proposal to address Tron’s energy shortage
Tron founder Justin Sun responded swiftly to the energy shortage by forwarding a proposal to cut energy and reduce transaction fees on the Tron blockchain.
Justin Sun said the proposal has already been drafted. He also said that the voting process will commence soon. Sun emphasized that the network will quickly reduce fees to improve efficiency.
The crypto entrepreneur initiated the proposal to the Tron community after the recent frenzy in the Tron ecosystem caused by the memecoin fair launch platform Sunpump.
The proposal aims to increase the energy limit to drop energy costs and reduce fees for Tron meme adoption.
In a separate announcement, Sun informed the crypto community that he had discussed the emerging energy and transaction fee crises with Super Representatives, and the team responded positively.
Super Representatives are the block producers in the Tron ecosystem who play a vital role in governing the Tron community.
