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Tron [TRX]’s Justin Sun explains the difference between Tron and Ethereum [ETH], EOS

Namrata Shukla

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Tron [TRX]'s Justin Sun explains the difference between Tron and Ethereum [ETH], EOS
Source: Pixabay

The ninth largest coin, Tron [TRX] has recently entered the top 10 cryptocurrency list and has stunned most of the people in the crypto space. Tron was recently conducting niTron summit where the Chief Executive Officer [CEO] Justin Sun talked about the foundation’s goals. In a recent interview with Coinspeaker, Sun said that Tron aims at decentralizing the internet, which right now is in the hands of companies like Facebook, Amazon, and Google.

Sun reminisced about his days before Tron. He said:

“I’ve been interested in crypto and blockchain since 2012. I initially invested in Bitcoin, and then worked in the industry before realizing I would need to take the initiative to realize my goals by creating an independent company. We are less than two years old, but already have made big stride by buying BitTorrent and recently introducing BitTorrent Token.”

Sun bragged about his team located in the US and China and told the publication about the aim of the Tron team is to improve their blockchain protocol. Sun commented on BitTorrent’s aim and said that their team is working on integrating blockchain into the BitTorrent peer-to-peer protocol. However, he notes that the main aim of the two teams is “to encourage developers and content owners to create innovation in blockchain world.”

Sun also agreed on EOS and Ethereum being Tron’s competition at least in the near term as even they are looking for a decentralized app ecosystem. He also noted that if they are successful in the longer term, their competition will be the giants like Facebook, Google, Amazon, and others.

Sun talked about the difference between Tron and Ethereum. He said that Tron uses delegated proof of stake [DPoS]. Sun explained about DPoS saying:

“DPoS is a consensus mechanism where 27 super representatives produce the blocks who are in-turn voted for by TRX account holders. We can settle everything within our community by voting on a proposal. It’s a lot more efficient.”

Sun says it is unlike “Ethereum where the miners fight against the developers. We also have much-better throughput than Ethereum and Bitcoin, and no costs for executing transactions on smart contracts.”

Similarly, with EOS, Sun says it costs more money to developers. He appreciated Ethereum’s development path by saying that it is easier to port an application from Ethereum to Tron, but not for EOS. Sun said that the only thing the developers who have less money to spare should think about is “ whether they should stake their future on the EOS platform.”



Sun named BitTorrent to be the killer app as it was already the largest decentralized application with over 100 million monthly users. Sun also took the opportunity to explain the acquisition of BitTorrent and his plan to utilize TRX directly in the project. Sun said:

“We think BTT works with BitTorrent. To use TRX would dilute the value of the currency for current holders, among one of several reasons why we chose the BTT route.”

The CEO of Tron concluded by saying that he believes that this is will be a big year for blockchain. According to Sun, when the poor performers drop out is the time when we will be able to see a return of trust and true growth across the system. He added:

“For TRON, we’ve got some big plans ahead in addition to the things we’ve already announced. If people like what they see as we roll out these things, I believe TRON can truly become a household name.”





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Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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