Bitcoin Global News (BGN)
July 3, 2018 -- ADVFN Crypto NewsWire -- The Tron network’s election of its future leadership
team began this week. The people who will essentially control the
future of the network are called super representatives, though
their exact responsibilities are in doubt due to the cryptic nature
of Tron’s announcements on the subject.
Even so, the essence of these
network members is that they will serve as the democratic
representatives of the entire community’s interests, at least,
according to an article on the subject
by Coindesk.
Furthermore, this election will
showcase how “Delegated Proof of Stake”
networks truly work, with others like Cardano not quite reaching
the point at which they can call their similar mechanisms
operational.
With Cardano in mind, it should be remembered
that Tron is not the first to announce the usage of a Proof of
Stake consensus protocol that depends on the voting of special
users.
Tron has not positioned itself
against Cardano, at least not directly. They seem to be more
inclined to challenge the Ethereum network, with claims like their
consensus protocol will enable them to process transactions faster
than Ethereum currently does or is currently capable of one day
doing.
Going back to the responsibilities
of super representatives, what is known is that they will be
elected by all of the current network users staking their tokens to
vote for certain users who are apparently running for the
positions.
The problem now is that Tron is in
a sort of purgatory between being in a development stage in which
its founding team controlled the network, and being fully live, at
which point its users will control the network.
According to the same report by
Coindesk that was mentioned above, at this point, 27 anonymous
users control the operation of the Tron Blockchain.
They will supposedly continue to do
so until the election of the super representatives takes
place.
To make matters a bit more
confusing, the Tron Foundation, which includes its founder, released two conflicting
announcements about how these temporary representatives were
chosen.
One stated that users chose them in
an election and the other stated that the network’s development
team chose the representatives based on certain technical skills,
which were not publicly disclosed.
All in all, this means that no one
really knows who these users are or how they were
chosen.
As is stated by Coindesk, it is
clear that those who are already detractors of Tron will
seize this opportunity to point out the confusing and risky nature
of the project.
Supporters will, most likely, find
just about any reason to state that the opposite is true in both
cases.
Whatever the truth is, it would
seem that in the very least, if you have Tron tokens at this point,
you should not be too quick to take any action with them without
considerable research on the subject.
By: BGN Editorial Staff
News:
Cryptocurrency
Tron (TRX)
Cardano
(ADA)