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Tron CEO Justin Sun bets on shaking down the ‘existing power structure’ of the Internet

Akash Anand



Tron CEO Justin Sun bets on shaking down the 'existing power structure' of the internet
Source: Pixabay

The cryptocurrency market has always been dictated by the comments of its proponents, be it about updates or just regular events in the digital asset ecosystem. In a recent Ask Me Anything [AMA] session, Justin Sun, Chief Executive Officer [CEO] of the Tron Foundation, spoke about the next generation of the Internet and how Tron plans to achieve it.

Sun stated that decentralizing the internet was a big deal and that the mission meant that the existing power structure of the internet had to be shaken. In the CEO’s words,

“With our developments, we aim to assure users that privacy and ownership has to rest with the many and not with the few. Our projects will also enable the developers in the Tron community to make correct choices about what they share in public and whom they share it with.”

Tron was in the news recently after the cryptocurrency’s price went up by 3 percent in under an hour. This rate was similar to that of Bitcoin SV, which also grew by 3 percent. The hike resulted in the coin trading at $0.0399, while its market cap grew to $2.667 billion.

CEO Justin Sun added that in the current economy, more people profit off the choices made by demanding payment services, and ‘do not really care about the majority of the users.’ The CEO added that the changes have had its intended effects, with the number of applications, especially DApps, growing at an exponential rate. Justin Sun elucidated,

“The development of the ecosystem has always been an utmost priority and that was shown by our team too. In the span of just nine months, the Tron team completed 22 updates of the Tron protocol. It is this dedication that has enabled us to beat our competitors like Ethereum and EOS on the DApp front.”

In the Foundation’s latest report, it was revealed that Tron DApps had surpassed both EOS and ETH in terms of weekly trading volume. Tron had bested its own record by exceeding its seven-day trading volume in USD to $101.616 million.

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