Basics of Tron (Part 05) : Reward Distribution System of TRON Mining (Witnesses and Voters)

in Tron Fan Club2 years ago

Intro

The Tron Fan Club community works with people who love Tron Blockchain and are interested in blockchain technology. As a moderator of the community, I am regularly sharing the details of Tron with you. Our knowledge on any subject is enough. So, it’s a knowledge sharing opportunity for all of us. This community is an initiative to share tron based knowledge with each other.


Those who know a lot about the Tron blockchain have certainly come a long way, but for those who are brand new or want to get an idea on it from the beginning is a challenge. I am constantly writing in this community about the basics of Tron, from the very beginning. The name of this series I write about Tron is Basics of Tron. I provide links of my previous posts so that you can get a better idea by visiting those as well. Hopefully, tron lovers will be benefited from this series.

In the last tutorial, we learned about Tron's mining method. Today, I will share with you in detail how TRON blockchain mining rewards are distributed.

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Those who will produce Block are called Witnesses and the first 27 are called Super Representatives. Those from 28 to 127 in the list of a certain period of time are called Partners and those after 128 are called Candidates.

Ranking in the Witnesses ListStatus
1-27Super Representatives (SR)
28-127Partners
127 and aboveCandidates

Basically, we already know that the first 27 witnesses (people) can participate in block production and this list is updated every 6 hours. Although Super Representatives can only produce blocks, partners also have the opportunity to receive voting rewards. Here, Tron network burns 9999 TRX from those account that applies to become a super representative candidate to avoid spamming and unwanted evil attack.

Those who can stack TRX can gain Tron Power and vote to witnesses. That means Tron Power (TP) is needed to vote. One Tron power can be achieved by stacking one TRX. The Mining Rewards distribution is set at 20% and 80%, meaning that the Witnesses will receive 20% and those who voted with their TP will receive 80%.

I am sharing the reward distribution process through diagrams below which will help you to understand how Tron's Witness Rewards are distributed.
1.png
As we know, one block is produced every 3 seconds in Tron blockchain and Only SR (first 27 witnesses) can produce block.

Block Production Rewards:

16 TRX is given for each block. And from here, 80% is given to the voters who voted for the Super Representatives. Each voter receives this reward in proportion to the amount of given vote. The remaining 20% is received by all the Super Representative who have participated in block production for that period.

Voting Reward:

160 TRX is paid for a single block which is produced every three seconds. This is a reward for those who are voting for Witnesses. Those who have staked TRX and voted for Witness are given this reward for voting. It is also divided as 20% and 80%.

The first 127 Witnesses were given 20%, which is divided between 27 SRs and 100 Partners. From here, the remaining 80% is given to those voters who voted for Super Representative and Partners. This means that those who voted for the first 127 witnesses will get 80% of their proportional representation of the vote.



Check the link from where i am motivated to write this post. In the upcoming episodes, I am going to show you how to stake and vote to Witnesses (Super Representative) to become a miner. And how you can get good ROI by earning passive TRX from your TRX stake. Stay tuned.

The list of my previous post’s published in this series that you can visit. Hopefully you will be benefited

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Good to know the information about voter & witnesses in a Tron network. Thanks for sharing

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