TRON DAO Releases Key Research Paper Defining Network Decentralization Concepts
Geneva, Switzerland–(Newsfile Corp. – July 29, 2022) – TRON DAO, the network building the blockchain infrastructure for a truly decentralized web, has released a research paper defining one of the key elements of its mission to create an Internet for everyone.
The paper: TRON DAO – A deep dive into decentralizationexplains how decentralization is central to TRON’s vision of providing its blockchain community with the data it needs, both to better understand the network and to draw conclusions about its true decentralization.
The paper examines the four fundamental elements that TRON believes constitute blockchain decentralization: its protocol and governance, geographical distribution of infrastructure, asset allocation, and ecosystem health. To help users understand how these building blocks ensure the decentralization of the TRON network, the document delves into a lengthy explanation of how its unique delegated proof-of-stake consensus mechanism works, details the number and geographic variety of nodes powering its network, explores the concentration and allocation of native assets, and examines the number of decentralized applications and users on the network.
The authors of the article drew their conclusions from several sources, including TRONscan, the blockchain explorer of the TRON network, as well as Dapp.com, CosmoScan and tezos.fish, among others.
As the article makes clear, the simplest definition of decentralization is that it refers to the “dispersion or distribution of functions and powers”, which equates to the overarching goal of TRON DAO, the governing organization of the TRON network.
The document contains a detailed explanation of the key benefits of network decentralization, including sustainability and security, censorship resistance, and the benefits of operating a user-owned network. On the other hand, the authors also reveal the potential drawbacks of decentralization, including the possibility of slower decision-making, negative behavior of network participants, and excessive asset requirements.
In the document, TRON Network describes the ways in which it strives to enable true decentralization within its network, as well as the steps it takes to minimize potential inconveniences that can arise from user-owned networks. For example, it explores the unique benefits of the delegated POS consensus mechanism and how its advanced structure helps protect network integrity through incentive mechanisms.
Readers will also learn about the role of nodes within the TRON network and how their geographical diversity helps to strengthen security and make it more sustainable. At the same time, the document explains how the distribution of native assets on the TRON network, as well as their availability, have an impact on its decentralization. Finally, the essay assesses the contribution of TRON’s dApp ecosystem and its user base to network decentralization.
“This research paper highlights a commitment to decentralization and transparency,” said HE Justin Sun, Founder of TRON. “I believe TRON DAO is responsible for providing the data and educating the community on what these numbers mean. For the first time, we can all see what’s under the hood and dive into how TRON works! The goal is to attract more talent to the developer and user communities.”
The paper, TRON DAO – A deep dive into decentralization, is available for download now through the TRON DAO website.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the Internet through blockchain technology and decentralized applications (dApps). Founded in September 2017 by HE Justin Sun, the TRON network has continued to make impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of the ecosystem of BitTorrent, a pioneer of decentralized Web3 services counting more than 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it had over 104 million total user accounts on the blockchain, over 3.6 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN . Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins across the world, overtaking USDT on Ethereum since April 2021. The TRON network completed its full decentralization in December 2021 and is now a DAO governed by the community. More recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the very first crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
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