TRON (TRX) Implements Bandwidth Modification Proposal: Boosting Efficiency and Reducing Low-Value Transactions

2023-07-06 08:28:14

As the Tron blockchain network grows and attracts more users, network developers are actively making plans to improve network performance. As a result, Tron network developers made a proposal designed to tackle a major network challenge. The proposal has now been accepted and officially implemented on the network.

According to a recent announcement shared via Tron’s official Twitter handle, the developers on the Tron network have collectively voted to initiate the proposal, which was submitted to help modify the freenetlimit on the network, by reducing it by from 1500 to 600. Tron announced in a recent tweet.

TRON has officially initiated the No.87 Voting Request at 13:40:06, 2023-07-03, Singapore time. Time of expiration: 2023-07-06 14:00:00. This proposal is to modify the freenetlimit from 1500 to 600, meaning the daily free bandwidth for an account changes from 1500 to 600.

📢#TRON has officially initiated the No.87 Voting Request at 13:40:06, 2023-07-03, Singapore time. Time of expiration: 2023-07-06 14:00:00.

This proposal is to modify the freenetlimit from 1500 to 600, meaning the daily free bandwidth for an account changes from 1500 to 600. pic.twitter.com/bJglppIWeT

— TRON DAO (@trondao) July 5, 2023

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The main goal of the proposal as Tron revealed, was to modify the parameters tied to the bandwidth model, to decrease the volume of network transactions that fall into the “low-value” category. Once the proposal goes live, users will have the ability to send 2 free Tron TRX and TRC10 transactions. The proposal will also support users sending 1 free TRC20 transaction.

Tron network developers are putting an end to low-value network transactions

In a GitHub post titled “Proposal: Adjust parameters of bandwidth model #560”, the Tron protocol community detailed the motivation behind the proposal, what it seeks to solve, and its long-term impact on the Tron eco.

According to the post shared by Tron network developer Halibobo1205, the Tron blockchain has recorded a significant increase in the number of transactions carried out on the network.

The rapid growth in transaction volume on the Tron network has resulted in daily network transaction volume surging past 11 million. The milestone places Tron significantly higher than the rival network Ethereum, as the daily transaction volume on the Tron network is nearly 11 times more than that of Ethereum.

After carrying out statistical analysis, a large number of low-value and fraudulent transactions were spotted. It was also found that a handful of accounts utilized daily free bandwidth to send large amounts of low-value transactions, which resulted in encroachment on network resources. Damage was also done to the development of the entire network structure.

Once the daily free bandwidth is decreased appropriately, low-value transactions carried out by large numbers of accounts using free bandwidth will be struck out. Conclusively, Tron network developers are advised to consider submitting more ideas and contributions to further mitigate the influence on other transactions carried out on the network.

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