Proposal to natively integrate the TRON blockchain

PROPOSAL EXECUTIVE SUMMARY: This proposal is for XDEFI Wallet to add the TRON blockchain natively for all users worldwide.

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PROPOSAL DETAILS: XDEFI Wallet currently supports 34 blockchains natively (as of 7 November 2023).

This proposal is for XDEFI to integrate the TRON Blockchain - including all assets and NFTs - for all users worldwide.

TRON Overview: TRON is a multi-purpose smart contract platform that enables the creation and deployment of decentralized applications (dApps). It features a delegated Proof-of-Stake (DPoS) consensus mechanism, a system that offers an increase in performance while maintaining decentralization and censorship resistance. TRX is the native token of TRON and is used to pay for network resources and to participate in on-chain governance.

TRON History: TRON is the brainchild of notorious crypto celebrity Justin Sun, who through TRON also acquired the peer-to-peer file-sharing network BitTorrent in 2018 and launched the BitTorrent Token (BTT) a few months later.

The introduction of Bitcoin in 2009 revolutionized society’s perception of the traditional financial system in the wake of the recession (2007-2008). As centralized hedge funds and banks collapsed from speculation in opaque financial derivatives, blockchain technology provided a transparent universal ledger from which anybody could glean transaction information. The transactions were cryptographically secured using a Proof of Work (PoW) consensus mechanism, thus preventing double spend issues. In late 2013, the Ethereum white paper proposed a network in which smart contracts and a Turing-complete Ethereum Virtual Machine (EVM) would allow developers to interact with the network through dApps. However, as transaction volumes in Bitcoin and Ethereum peaked in 2017, it was apparent from the low transaction throughput times and high transaction fees that cryptocurrencies like Bitcoin and Ethereum in their existing state were not scalable for widespread adoption. Thus, TRON was founded and envisioned as an innovative solution to these pressing scalability challenges.

(Information from Messari: https://messari.io/project/tron/profile )

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PROPOSAL JUSTIFICATION: TRON is one of the largest and most used blockchains in the world, particularly in the Middle-East, South America, Africa and Asia where the XDEFI user base is growing most rapidly.

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KEY DATES: 7 November 2023: Proposal submitted and the 7 day voting period begins. 14 November 2023: Voting period for the proposal concludes. 14 December 2023: If passed, the XDEFI team will announce a target launch date.

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VOTING: If you are in favor of this proposal, you can vote by following the instructions here: https://www.xdefi.io/article/community-proposal/

Please note that for a proposal to be successfully passed by the community: (i) the total votes on the proposal must amount to at least 5% of the total circulating supply of $XDEFI; and (ii) more than 51% of the votes must have been in favor of the proposal.