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- TronDAO has taken to Twitter to announce to the Tron community that the Tron network will be getting a major upgrade, as Stake 2.0 is well on its way.
- Amongst other things, Stake 2.0 will go on to improve the flexibility of resources and vote management on the Tron Network.
The Tron network is growing rapidly, and like its counterparts, the network is focused on advancing its network capabilities. Today, Tron lovers are being awakened with positive news regarding the highly promising Stake 2.0.
It has been announced that Stake 2.0 is coming to Tron, and that it will introduce a significant number of improvements to the network. Taking to Twitter, TronDAO, the official Twitter handle for the Tron network made a big revelation. Tron announced that there will be a major upgrade that will introduce Stake 2.0 to the Tron network. The upgrade will add some key improvements to the flexibility of resources on the network. The upgrade will also address Vote management. Tron stated in a recent tweet.
Stake 2.0 is incoming! TRON network is getting a major upgrade and will enable Stake 2.0! It will significantly improve the flexibility of resources and vote management on theTron Network.
(1/3)🔥#TRON Stake 2.0 is incoming!
🚀#TRON network is getting a major upgrade and will enable Stake 2.0! It will significantly improve the flexibility of resources and vote management on the #TRONNetwork! pic.twitter.com/dfAFOPYyzv
— TRON DAO (@trondao) March 30, 2023
All the resources and votes produced through Stake 1.0 will remain valid after Stake 2.0 is enabled
It was further revealed that the resources and votes produced through Stake 1.0 will still remain useful after Stake 2.0 is enabled. The staked Tron (TRX) can also be redeemed in the usual fashion. It is worth noting that going forward, Tron (TRX) staking can only be carried out through Stake 2.0. Tron wrote in a follow up tweet.
After enabling Stake 2.0, the resources and votes obtained through Stake 1.0 will remain valid, and the staked TRX can be redeemed normally. Please note that new TRX staking can only be done through Stake 2.0 thereafter.
At present, Stake 2.0 is already available on the Nile testnet. Tron is urging users to attempt to try it out and test related features of Stake 2.0.
Justin Sun, the founder of Tron took to Twitter to chime in on the recent announcement. Tweeting to his 3.4 million twitter followers, Sun acknowledged that the TRONDAO is evolving into a brighter future. Sun encourages the community to embrace smart contract integration, enhanced proof of stake (PoS) participation, and the thriving Tron community. Users can get a detailed summary on the Stake 2.0 proposal on GitHub.
#TRONDAO is evolving into a brighter future! Embrace enhanced PoS participation, smart contract integration & our thriving community!💪
Make an impact – share your thoughts on Github👇https://t.co/DKmKFHDGO9
Together, let's shape the future of #crypto! 🚀🔥 https://t.co/PrT4ldEefH
— H.E. Justin Sun 孙宇晨 (@justinsuntron) March 30, 2023
The Tron community proposed Stake 2.0, the brand-new stake mechanism not long ago. Unlike Stake 1.0, Stake 2.0 not only works on the flexibility of stake, but also decreases the complexity of user operations.
Additionally, Stake 2.0 also recognizes the seamless integration of the staking system and TVM. It will also support staking executions and resource delegate operations in smart contracts. It also enriches the different application scenarios to smart contracts on the Tron network.
