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Tron Foundation officials announced on August 27 that they successfully burned the existing ERC20 tokens.
This was the fourth batch event that occurred after the 3 consecutive consecutive burns.
These tokens have migrated to the mainstream as the Tron platform expands [19659002] Quantity of burning medal :. 670,045,551.449388 TRX (ERC20token) [19659005] Record: https: //etherscan.io/tx/0x751d9dea302efd4d7c0a2a8d4c785e8bf882d823a5690277d8fcdcc2429fa016 [19659006] 670,045,551.449388 # TRX The ERC20 token was mastered by #TRON Foundation. $ TRX https://t.co/1MQW7Uejeh
– Justin Sun (@justinsuntron) 27 August 2018
Tron's migration took place on June 25 with the platform moved from the ethereum-based ERC20 token entirely on it to its network.
The current Tron network runs smoothly with many technological improvements. The network currently holds 909 nodes worldwide, the height of the block is 1818185.
The Foundation reported that their migration is still ongoing with few outs left while maintaining the Tron network running.
Frequently Asked Questions
What is the burning of coins?
It is a process of destroying existing tokens so that nobody can use them. In reality, it does not actually burn but the tokens are transferred to a NULL address where the coins lock and can not retreat.
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