Under the Justin Sun: A Closer Look at the Tron Empire

Udgivet den by Cointele | Udgivet den

Born in China's Qinghai Province, 29-year-old Justin Sun is the founder and CEO of Tron, one of the largest blockchain networks in the world.

Sun, who holds a master's degree in East Asian studies from the University of Pennsylvania and a bachelor of arts in history from Peking University, launched the Tron Foundation in Singapore in September 2017.

Tron acquired peer-to-peer file-sharing giant BitTorrent in June 2018 to run the BitTorrent token, BTT.Justin Sun's controversies met with successSince founding Tron in 2017, Sun has become one of the most controversial figures in the blockchain space.

While he may be polarizing, Sun is responsible for much of the success behind the Tron ecosystem.

What's to come in 2020?Tron recently introduced its second solution, the Sun Network, which is a sidechain scaling platform designed to deliver unlimited scaling capacity for the Tron network.

Sun explained that many DApps on Tron will migrate over to the Sun Network this year to provide further scalability.

Sun also noted that a dark mode task team is working on solving the scalability issues between Tron and BitTorrent, which is an important task, as Tron plans to introduce 100 million users from BitTorrent to its blockchain by the end of February 2020.Scalability issues were demonstrated during the BTT token sale, which took about 15 minutes yet could have lasted just seconds if not for technical issues.

Plans for BTFS and a DeFi takeover Following YouTube's ban on crypto-related content, Sun also mentioned that the newly launched BitTorrent File System will serve as one of the largest decentralized storage protocols in the world.

Sun mentioned plans to bring a decentralized finance, or DeFi, solution to the Tron ecosystem.

According to Sun, 900 million stablecoins have already been built on top of Tron.