The Governance of the TRON Ecosystem- S4W7- Homework Post for @yohan2on

Hello Professor @yohan2on. TRON is a wonderful and special project whose main objective is to decentralize the web, based on this I had to have a Governance that complies with the same principles of participation and decentralization.

Let's start.

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1. Who are Super Representatives, SR partners and SR candidates? (The Governance of the TRON Ecosystem)

First I must start by saying that in all three cases Super Representatives, SR partners, and SR candidates make up the governance of Tron, and each of them represents a different hierarchical rank according to the number of votes they receive from the users of the TRON network. Each of them will have a different position and function.

Super Representatives

As will be explained later, the consensus mechanism of Tron is DPoS, this means that the consensus mechanism demands that the power to make decisions within the network be delegated via direct voting to 27 super representatives which are figures or nodes that are elected every six hours by the holders or people staking TRX.

In other words, people who have the TRX token frozen in a Stake must delegate, and only then can the corresponding pool of super representative candidates be elected.

As I said, the super representatives are nodes, and their function is to achieve the agreement mechanism in the network so that operations can be validated, new blocks and new TRX tokens can be produced.

Likewise, Super Representatives can suggest changes to the network.

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SR partners

It is the second classification or category of nodes that result from the candidates that did not receive enough votes to be part of the top 27 super representatives, in fact, this list consists of 28 to 127.

Although it does not have the same benefits as the super representatives they also receive rewards for the votes received but without having to perform block validation functions.

However, the SR partners also have an important function, as they are in charge of approving or rejecting proposals for improvements suggested by the 27 super representatives. So they form a sort of council that watches over the integrity and well-being of the TRON network.

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SR candidates

Represents the third category of nodes that did not receive enough votes to be part of the SR partners. It consists of candidates from number 128 to 341.

As its name indicates, they are candidates to be part of the Super representatives if they get enough votes, so like the SR partners, they also receive rewards (in a smaller amount) for the votes received. They also have the function of voting to approve or reject proposals for changes in the TRON network.

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2. What’s the difference between DPOS and POS consensus mechanisms?

Both are consensus protocols that are interconnected since one of them was born as an improvement of the previous one. Both cases in turn are improvements of the original consensus protocol (PoW) which is known for its high costs and scalability problems. Let's start:

1-PoS

"PoS" or Proof of Stake was the second type of consensus protocol that emerged as a response to Bitcoin's Proof of work problems. PoS is employed among others by the Ethereum network and basically consists in that the right to receive the opportunity to generate a block is directly proportional to the amount of governance token held frozen or staked.

In this protocol computing power does not play a role; rather, the choice of the next verifier is made randomly. The more tokens owned the higher the probability of being selected as a verifier.

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Naturally, the winner not only receives a chance to verify and generate a block but also receives a monetary reward.

2-DPoS

"DPoS" or Delegated Proof of Stake constitutes the next step in the evolution of PoS, in fact, we can think of DPoS as an improvement of PoS.

As in PoS, the stake of governance tokens play a primordial role, however in this case the node does not own all the tokens but these are "DELEGATED" through a voting system where the community members choose a fixed number of delegates that rotate as the process of blocks verification progresses.

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Differences

1.1-In PoS the rewards are only for the node that owns the tokens and therefore are chosen for the block verification process.

1.2-Something wonderful about DPoS is that the earning system is more equitable, as the rewards are not only for the node that performs the verification but the voters by virtue of delegating their voting power receive part of the reward for the tokens they are staking.

2.1-In PoS The chance of receiving a block is necessarily anchored to the number of frozen tokens. In other words, the strongest, and those with the most resources have the highest chance of getting the block.

2.2-In DPoS the system is more democratic and participatory. Since to be elected as a verifier you do not depend on the money you have in your wallet but on your good reputation and the work you have done in the function of the community.

3.1-PoS is a more decentralized consensus protocol as the choice of verifiers is completely random.

3.2-Strange as it may seem, there are those who say that DPoS tends to be centralized since the power of decision about the network rests with a few delegates. Indeed it must be so since if there were many delegates the network would be very slow.

4.1-PoS is less scalable in comparison as the process of allocating new verifiers is slower.

4.2-DPoS is much faster and much more scalable than DoP. The process of electing new delegates is very fast and having several delegates queued to which pre-set blocks are assigned, makes mining new blocks in seconds.

3. Write a Step by Step tutorial showcasing how to stake/freeze TRX and vote for SRs

I currently own 20 TRX staked, however for the purposes of this explanation I will freeze other 20TRX tokens to perform the explanation.

This explanation will be done through the Tronlink wallet google chrome extension and through the Tron scan platform.

TUTORIAL

How to stake/freeze

1-Select the Tronlink wallet extension from the list of extensions in google chrome or your browser. The wallet window will be displayed, then select the option "STAKE".

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2-After clicking on "STAKE" we will be redirected to the Tron Scan website. Automatically our wallet will be synchronized in the resources section. To complete the stake/freeze process click on the "Obtain" button.

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3- Then, the TRX staking pop-up window will appear. First, we select what we want to get in exchange for the frozen tokens. The options are TRON Power and Bandwidth or TRON Power and Energy. In my case, I choose TRON Power and Energy.

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4-In the same pop-up window we must also select the amount of TRX to freeze and confirm that we will stake the tokens for at least 72 hours. Finally, we click on the "Stake" button.

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5-The next step is to sign the Tronlink wallet confirmation.

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6-Finally, we will have this confirmation.

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How to Vote

1-Open the Tronlink extension again. As we can see new energy has already been added. We click on the button "VOTE".

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2-We will be redirected to the Tronscan voting section. There we will first see a list of the current Super Representatives and the time remaining for the next round. To vote we click on the button "Voting".

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3-In this part we will be able to see the number of votes available and the list of candidates. We have the option to cast multiple votes for different candidates. Once we finish adding our number of votes we click on the button "Voting".

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4-The next step is to sign the Tronlink wallet confirmation, again.

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5-Finally, we will have this confirmation. Our votes will be added to the next round of voting.

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Conclusion

The TRON network is wonderful, it is designed to truly decentralize the Internet. Moreover, thanks to its innovative consensus mechanism and its governance style, it is democratic and participatory.

Furthermore, it allows benefits to be shared among several people through the TRX voting and staking system.

Another benefit that its unique governance style allows is the fast production and verification of blocks and scalability. Through the delegate system, block verifications can be performed every 3 seconds, which makes Tron a reliable, secure, cheap, and fast network.