Blockchain and Cryptocurrency Advanced - The Governance of the TRON Ecosystem: Super Representatives, SR partners and SR candidates

in hive-175254 •  20 days ago 

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Super Representatives

The Tron blockchain network is one of the top blockchain networks at the moment with lot of decentralized applications built on it and lots of use cases. It is a decentralized blockchain network that makes use of the delegated proof of stake consensus mechanism and with smart contract functionalities. When it comes to the governance on the Tron network, the Super Representatives play a key role. On the Tron Network, Super Representatives are basically block producers on the Tron blockchain network. The Super Representatives on the Tron blockchain network are the top 27 block producers who have the most votes on the network. The main role of the Super Representatives on the Tron Network is to produce blocks, verify transactions and add new blocks to the chain.

On the Tron network, any account on the network that holds TRX can become a super representative candidate, and also, the super representative can be voted in by any account that holds TRX on the network. The voting for the super representative is carried out every 6hrs and the top 27 candidates that have received the most votes becomes the super representative on the Tron network. These Super Representatives earn block rewards for verifying transactions and adding new block to the chain, and are rewarded with 32 TRX. Since it takes about 3 secs for a block to be generated on the Tron blockchain, it means that the top 27 super representatives are rewarded with about 336,384,000 TRX annually.

SR partners

On the Tron Network, the SR partners which is the short for Super Representative Partners are also part of the super representative candidate but are ranked after the top 27th candidates who become the super representatives. The SR partners are basically the 28 to 127 candidates. This are the candidates that didn’t make it to the top due to not being among the top 27 candidates with the most votes to become the super representatives. This means that the candidates from 28 to 127 become the SR partners on the tron network. The SR partners are automatically chosen after the completion of the votes for the super representatives. SR partners are voted in by any account that hold TRX on the tron network. Token holders who are any accounts that hold TRX on the Tron network are eligible to vote for super representatives. The main role of the SR partners on the Tron Network is to Raise Proposals and Modify the TRON network parameters.

SR candidates

On the Tron Network, the SR candidates which is the short for the super representative candidates are basically the 147 nodes that are voted by the entire community that holds TRX on the tron network. The SR candidates voting is carried out and updated once every 6hrs. These are the all the candidates or nodes in which the top 27 candidates with the most votes becomes the super representative and the other candidates ranking from 28 to 127 become the super representative partners.

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You've got a free upvote from witness fuli.
Peace & Love!

I actually so much love how the Tron ecosystem is really structured