Tron Considering Bitcoin Inspired Halving — Will TRX go Above $0.4 in the Next Bull Phase? ⋆ ZyCrypto
The post Tron Considering Bitcoin Inspired Halving — Will TRX go Above $0.4 in the Next Bull Phase? ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Tron founder Justin Sun recently took to X (formerly Twitter) to raise public awareness regarding the digital currency’s proposed block reward halving. He drew parallels with Bitcoin’s much-touted 4-year halving cycle, in which the premier cryptocurrency undergoes a major bull phase followed by a bearish cooldown before starting things all over again in the ensuing couple of years. Sun wants TRX to eventually settle down on a similar halving cycle because it showcases the maturity of the digital asset. He tweeted: “….As the Bitcoin network grew, block rewards gradually decreased. In the early days, higher rewards were necessary for bootstrapping the network. However, as Bitcoin’s price surged, block rewards were lowered, and the halving cycle played a crucial role in Bitcoin’s long-term sustainability—aligning with Satoshi Nakamoto’s original vision….” The New TRX Block Reward Halving Proposal On paper, following BTC seems like a straightforward proposal: periodically decrease the block reward halving to mimic the top cryptocurrency, and it can follow the same trajectory. However, in reality, it is easier said than done. Many other digital currencies have tried to come up with a similar model but failed to maintain a strong periodic foothold in the market like Bitcoin. However, Sun is very enthusiastic about the proposal currently being analyzed by the Tron community. The suggestion titled “Reduce TRX block rewards #738” presents several deflationary tactics, like reducing the block reward by 50% to 1.5-2% per year. Currently, it is set at 1%, which is apparently not enough to kickstart a BTC-like halving cycle. Advertisement However, the Tron community has not provided definitive word on this proposal, but it is expected to be put to a vote soon. Sun tweeted: “Ultimately, this decision rests with the TRX community!” TRX to Rise to $0.4? Here is the TRX/USD graph…
