Justin Sun Talks About TRON on Inc
In a recent interview with Inc, Justin Sun, the Founder and CEO of TRON Foundation, talked about the notable developments in the cryptocurrency’s network.
Starting with one of the most notable developments in the crypto industry, TRON’s recent purchase of BitTorrent, Sun said:
“One of the reasons we purchased BitTorrent, besides its great team, is that we’ll be able to test scalability like no one else, with 100 million monthly active users getting exposure next year to blockchain. TRON and BitTorrent will continue to work on separate projects, while orbiting each other and collaborating on that goal of decentralizing the internet.”
One of the major projects the collaboration would help is Project Atlas which is due the next year. The project aims at connecting the peer-to-peer network of BitTorrent with the TRON blockchain network. While there isn’t much information available about it right now, the niTROn Summit would see more details about the project discussed.
Talking about Kobe Bryant agreeing to be a part of the niTROn Summit as well as the educational aspect of the Summit, Sun said:
“Kobe graciously agreed to sit down on stage for a fireside chat with me because we both believe in entrepreneurship. niTRon is all about that, and unleashing the creativity of people who feel like they are being locked out of sharing and profiting with their work because big-name companies erect barriers to that content.
We also want niTRon to be about education–focusing on understanding the fundamentals of blockchain, cryptocurrency, and peer-to-peer sharing. Many of our fantastic list of panelists will be speaking to these topics.”
Talking about the recent accelerator program launched by the network, Sun said:
“We think we stand out with our accelerator program because it’s stable, more efficient and has lower fees associated with it. The biggest issue really is educating developers globally–first on ‘why blockchain?’ and second on ‘why TRON?’ That’s why we recently launched the $1 million (USD) TRON Accelerator DApp competition. By giving prizes totaling that $1 million, the developer community gets to… execute their ideas or projects on TRON.”
Sun has always believed that technology must be fair and distributed. His beliefs resonate with TRON’s idea of decentralizing the internet. Sun had generously donated 3 million USD to the Binance Charity Foundation in order to contribute to the betterment of the crypto community better. In his own words:
“Blockchain is a collaborative environment; it needs nurturing. We were thankfully in a good position financially to serve as an example to others that long-term thinking and support is what’s needed to boost the industry in general.”
The network is quite supportive of regulations. It aspires to serve as an example for people to look up to when they look for constructive ways to respond to regulations. On regulations, Sun said:
“We are operating under the assumption that regulation will come to the industry in many places. In many ways, it will be necessary to legitimize the market and separate good practices from bad. We recently hired a chief compliance officer to make sure we’re always a good partner with our community and with governments.”
The innovations taking place in the cryptocurrency’s network represent the infinite possibilities which have been made possible with the introduction of blockchain technology. If we all start paying attention to the industry and help in improving the current state of the industry, there is a lot of scope for innovation.
As of now, TRX is the 10th largest cryptocurrency in terms of total market cap, but with a leader like Sun, it is bound to grow further.