Dynamic Energy Model Effect Analysis
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The NO. 83 committee proposal initiated from the TRON developer community has officially taken effect on the mainnet since February 5, 2023. This proposal has enabled the dynamic energy model, which will adjust the amount of energy consumption of calling a smart contract dynamically according to the resource occupancy of the smart contract, so that the energy resource distribution on the chain will be more reasonable, preventing the network resource from excessively concentrating on a few popular smart contracts. For detailed information, please refer to the Introduction to Dynamic Energy Model.
The dynamic energy model has been open on the mainnet, and the relevant parameters are set as follows:
- threshold：3,000,000,000
- increase_factor：20%
- Max_factor：120%
If the basic total energy consumption of a smart contract exceeds 3,000,000,000 in one maintenance time interval, then in the next maintenance time interval, the energy consumption of calling this smart contract will be increased by an additional 20%. That means in every maintenance time interval, the additional energy consumption of calling a smart contract will be adjusted based on the basic total energy consumption of this smart contract in the previous maintenance time interval, but the maximum additional energy consumption will not exceed 120% of the basic energy consumption. When the basic total energy consumption of a smart contract drops to 3,000,000,000 or less in one maintenance time interval, then in the next maintenance time interval, the additional energy consumption will be reduced until it reaches zero.
Now, the dynamic energy model has been in effect for one month, we have seen significant changes in the data on the chain. The amount of low-value transactions has dropped notably, while the amount of high-value transactions has basically remained the same. And also the transaction volume of non-popular contracts have greatly improved. Meanwhile, the burned TRX has greatly increased, which further increases the deflation rate of the TRON network.
Data Analysis
Comparing the on-chain data in recent one month with that before the proposal took effect, we can see the low-value transactions on the TRON network have decreased by 48.46%, while the normal transaction volume has only decreased by 2.62%. The dynamic energy model targets low-value transactions without affecting normal transactions, further enhancing the security of the TRON network.
Comparing the on-chain data in recent one month with that before the proposal took effect, the transaction volume of non-popular contracts has grown from 45,447 to 91,228, an increase about 1 times. The dynamic energy model expands the development space of non-popular contracts, which has played a positive role in improving the diversity of TRON network ecology.
Comparing the on-chain data in recent one month with that before the proposal took effect, the total amount of TRX staked on the TRON network has increased by 2.96%, and the TRX burning volume of contract transactions has increased by 37.67%, which has greatly increased the deflation rate of the TRON network.
Comparing before and after the opening of the proposal, the transaction fee for calling popular contracts is still lower than that of Ethereum.
Summary
Enabling the dynamic energy model has significantly reduced the number of transactions of low-value hot contracts on the TRON network, increased the staking rate of the network, and further strengthened the security and reliability of the network. In addition, the amount of calling non-popular contracts has increased to a certain extent, which has improved the diversity of the network. These changes have made the development of the TRON network healthier and continued to maintain its strong competitiveness as a public chain.
