How does Tron 7.0 aim to improve scalability and transaction speed in the blockchain industry?

1 answers

• Dec 15, 2021 · 3 years ago
  Tron 7.0, as a major upgrade to the Tron blockchain, aims to tackle the scalability and transaction speed issues that have plagued the blockchain industry. One of the key improvements is the integration of the Bancor Protocol, which enables continuous liquidity and reduces transaction costs. This integration allows Tron 7.0 to handle a higher volume of transactions without sacrificing speed or efficiency. Additionally, Tron 7.0 introduces a new consensus algorithm called Proof of Stake Velocity (PoSV), which combines the benefits of Proof of Stake and Proof of Velocity. This algorithm enhances transaction speed by incentivizing users to hold and actively participate in the network. With these enhancements, Tron 7.0 is poised to make significant strides in improving scalability and transaction speed in the blockchain industry.
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