Home >web3.0 >How is Tron coin generated?

How is Tron coin generated?

DDD
DDDOriginal
2024-04-24 15:29:121006browse

TRON (TRX) is generated through the Delegated Proof of Stake (DPoS) consensus mechanism: users freeze TRX and vote for super representatives. Voters voted for 27 superdelegates. Super representatives create and verify new blocks containing new TRX. Super representatives who create blocks receive TRX rewards. Voters who vote for superdelegates receive rewards based on the number of votes cast.

How is Tron coin generated?

How TRON is created

TRON (TRX) is a blockchain-based encryption Currency is generated through the following process:

Consensus Mechanism:

TRON uses a consensus mechanism called Delegated Proof of Stake (DPoS). In this mechanism, voters elect 27 superdelegates from a pool of superdelegate candidates.

Block Production:

Elected Super Representatives are responsible for creating and validating new blocks. A new block is generated every second, and each block contains some new TRX.

Reward distribution:

Super representatives who create new blocks will receive TRX rewards. Rewards are distributed based on the number of votes cast on super representatives. Voters who vote for more superdelegates will receive a larger share of the reward.

Specific process:

  1. User freezes TRX: Users freeze their TRX to vote for super representatives.
  2. Super Representative Election: Voters vote to select 27 Super Representatives.
  3. Block Production: Super representatives create and verify new blocks based on voting rights.
  4. Reward Issuance: New blocks contain new TRX as a reward for super representatives.
  5. Voter Rewards: Voters who vote for Super Representatives receive rewards based on the number of their votes.

Notes:

  • The generation rate of TRX is not fixed because it depends on the number of votes for super representatives.
  • Freezing TRX will not generate rewards. Only super representatives receive rewards when they create new blocks.

The above is the detailed content of How is Tron coin generated?. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn