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Guarda Wallet Has Adjusted Tron (TRX) Network Withdrawal Fees

Guarda Wallet Has Adjusted Tron (TRX) Network Withdrawal Fees

TRON network has implemented a proposal to maintain the balance and quality of the network. TRON’s Proposal No. 83 highlights the activation of dynamic energy, which is already in effect as of February 5, 2023. However, popular contracts use a large portion of the energy, making it difficult for other dApps to get affordable resources to grow. 

With this, Guarda Wallet has made necessary adjustments to the TRON network withdrawal fees.

Dynamic Energy Model, What Is It?

The TRON network uses less than 85% of its resources due to a few contracts, some of which are low value or even fraudulent. If this situation continues, the user experience will be affected, and the dApp ecosystem won’t be able to expand. Tron introduced a strategy known as the dynamic energy model to address this.

This strategy was proposed by the TRON community to dynamically modify the contract’s future energy usage based on the contract’s existing energy usage. A set percentage of punitive consumption is added if a contract uses too many resources in one cycle. Besides that, users will pay more energy than before while sending the same transaction to this contract. This technique will allow for a more rational allocation of energy resources on the chain.

The Final Word

To summarize, the proposal shows that the dynamic energy model shows that users will be charged more for calling a smart contract if it is popular, thereby balancing the energy consumption on the network. 

For example, if you use USDT (TRON), which is very popular, you will likely pay a higher commission. On the other hand, the comparatively less popular JUST will incur a much lower fee for the same action. This allows the TRON network to stay balanced and provide a better user experience. 

We hope this clarification helps you understand the changes made.