According to an announcement made by TRON DAO (DAO: Decentralized Autonomous Organization) on its official Twitter Social Network account, the Tronix (TRX) Stake 2.0 has been operating since April 7.

This update is the result of Proposal No.84, which was approved by a vote of the Super Representatives (SR) of the TRON Community.

The objective of the implementation of Stake 2.0 is to update the Staking mechanism so that it is more flexible with the resources of the Network and less complex for the users.

This change is also intended to promote the use of Smart Contracts in the TRON Blockchain.

TRX uses DPoS (Delegated Proof of Stake) through which Tronix Cryptocurrency (TRX) holders can stake their TRX (previously at Stake 1.0 now at Stake 2.0) and obtain the 2 main resources of the TRON Network: Energy and Bandwidth. These resources are important to spend less TRX on the payment of fees in TRX transactions and the other Tokens of this Blockchain. With the implementation of Stake 2.0, the management of these resources will be more flexible and easier.

In addition, in the Staking process, TP (Tron Power) are obtained, which are Voting Rights within the Network (each TRX is equivalent to 1 TP). These TPs can be Delegated to Super Representatives (SR) and thus earn daily rewards in TRX.

The TRON Network is a Blockchain that is constantly growing and currently has more than 150 million accounts.

Disclaimer: The content of this article cannot be considered as investment advice. This content is for informational purposes only.