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What lesson did Jax.Network learn from the Tron problem?

Jax.Network. Learn how the DPoS system, which extends the PoS method, became the root cause of the Tron Problem, and its significance for the Jax.Network.<br><br>A Scalable, Decentralized Stablecoin for DeFi. Join the Jax.Network.

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What lesson did Jax.Network learn from the Tron problem?

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  1. What lesson did Jax.Network learn from the Tron problem? jax.network

  2. On the 11th of August 2018, Tron (TRX) introduced a Delegated Proof-of-Stake (DPoS) consensus mechanism to replace the existing Proof-of-Stake algorithm for the Tron network. Community members vote for their respective super representatives, who would then verify transactions and earn rewards. jax.network

  3. Tron problems The problem with DPoS has been the same as with the PoS based mechanism; the centralization of power within the blockchain. Centralization occurs when community members who can stake more than others become central candidates to acquire the most votes in the election process. jax.network

  4. Tron problems Tron claims that the DPoS system gives the Tron community a self-governing network. However, the apparent problems with it are identical to the PoS consensus system, where those with the majority token share can govern almost all mining and verification activity. jax.network

  5. Tron problems In 2019, former Tron CTO and co-founder Lucien Chen exited the project, claiming that the introduction of the DPoS system is the significant reason for his departure, as it made the network “pseudo-decentralized”. jax.network

  6. The solution introduced by Jax.Network Jax.Network offers a consensus mechanism based on the Proof-of-Work (PoW) system. Instead of centralized staking or voting processes, miners compete against each other to solve cryptographic hash functions to verify transactions on the network and get rewarded. jax.network

  7. The solution introduced by Jax.Network The Jax.Network PoW consensus mechanism provides greater security to the network. For a single transaction to be processed, 51% of the mining consensus must implement this change on the blockchain. jax.network

  8. The solution introduced by Jax.Network Merge-mining with the Bitcoin blockchain allows Jax.Network to acquire global transactional value, earn greater early adoption and higher security at an early stage of the development. jax.network

  9. Learning from the misfortunes of Tron The Jax.Network platform brings a secure, stable, decentralized blockchain anchored to the Bitcoin network, offering merge-mining opportunities to miners. Jax.Network also provides a unique reward function, where miners are rewarded according to the hash power they bring to the network. jax.network

  10. Are you ready to join Jax.Network? Join Now jax.network

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