For many, Tron Super Representatives is that group doing helicopter TRX drops. That whenever you feel like increasing the TRX holdings, you vote for the best SR, seat, and watch your numbers take a hike. But what other things do Tron super representatives do?
Basically, they run the whole Tron protocol. And now, in that line of doing everything possible to make the platform the best, proposal 17 is live and being voted.
The Significance of the Proposal
It seems like Tron is playing its cards in the right direction every single day and having SRs in the first place is proving to be significant all the way. As it’s the case of carrying the platform forward, proposal 17 got initiated.
The direction of Tron protocol has to be decided, and how it evolves, it shouldn’t be an individual’s decision to make. Therefore, voting on the proposals has been the right way, at least up to now.
What the proposal entails
Early during the month, Tron CEO and founder Justin Sun pointed out that the platform was due for an upgrade. With the current ongoings within the platform, we’re already on the upgrade. Reason being, proposal 17 is about allowing the initiation of multi-signature.
#TRON SR Proposal 17 is live & being voted on since March 18:
"Propose to allow the initiation of multi-signature to Allowed"
Institutional-friendly multi-signature & account management will allow hedge funds & institutional investors to enter #TRX#IAmDecentralized#YesOn17🗳️ pic.twitter.com/5VGcuVzG3m
— Misha Lederman (@mishalederman) March 18, 2019
The multi-signature feature will be highly essential to the high net worth investors simply because they actually use large institutions to manage their funds as well as the fact that they have a plethora of employees.
Therefore, with the multi-signature feature, it could be even easier to compartmentalize the management of the assets. The general outcome will be more institutional investors flooding the table. The fact that they have a large amount of money makes it significant for Tron as they will bring value to the network.
For now, voting is on and the proposal validity period is (as it has always been) 3 days, and it’s only wise to support the proposal by voting in favor of it. After the three days, then we’ll learn the outcome whether it received sufficient votes (18) in its favor or it will lapse.
Perhaps, some hedge funds might have asked for the feature to be introduced for them to invest in Tron, but whether that was the case or not, the answer could jump in within less than two days.
Image courtesy of Pixabay.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
