The founder of TRON, Justin Sun, has recently spoken about Ethereum and EOS – more specifically the developers working on these dApps. As he hinted and what’s featured in the crypto news today, Sun announced that he wishes to create a fund and “rescue” dApp developers working on both platforms on the condition that they move their dApps to the TRON network.
— Justin Sun (@justinsuntron) December 7, 2018
Driven by his need for successful self-promotion as well as the successful acquisition strategy of his company (which successfully acquired BitTorrent in July this year), TRON claims that it has made significant progress towards building an infrastructure for a completely decentralized Internet.
Sun, however, has been seeing controversy over his aggressive self-promotion after he hinted at a partnership with the Chinese internet giant Baidu – only for it to emerge that it was nothing more than a cloud computing agreement for the services. On top of this, Sun also announced NBA legend Kobe Bryant as an official speaker at the upcoming crypto conference for TRON.
On top of this, Justin Sun had engaged in a public Twitter spat with the co-founder of Ethereum, Vitalik Buterin, over allegations that TRON plagiarised parts of its whitepaper from previous whitepapers by IPFS and Filecoin.
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“By using Coinify, we are not running into the knife. It is still not clear to me how blockchain is any better than other database technologies. The transactions are so far more expensive and slower than a normal payment method. Decentralization brings only cumbersome improvements. None of the blockchains scale enough. But maybe I have not invested enough time and therefore understand too little how the blockchain ecosystem works.”Herren said that the decision comes after the prolonged bearish correction on the market where most of the crypto assets lost nearly a third of their value. Despite the fact that investors didn’t really get scared of the decline in prices, institutional adoption is still uncertain regarding making more profits. For example, back in 2018 in June, the Expedia hotel booking platform deleted Bitcoin out of their options and in the same year couple of months back, Reddit also stopped accepting cryptocurrency for its gold membership plans. Years back, Bitcoin became popular because of its attractiveness as a cheaper alternative for expensive payment processors. But as the technology got more popular, the network was unable to handle a higher number of transactions such as Visa or MasterCard and that’s why retailers didn’t choose crypto for making transactions. The Swiss retail giant brings bitcoin back into the retail game. However, traders who are into crypto or those who just hold on to it for better days can now use their coins to purchase something from the retail platform.
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