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Tron’s [TRX] Justin Sun announces the release of Sun network, the cryptocurrency’s upcoming layer 2 solution

Akash Anand



Tron [TRX]'s Justin Sun reveals the 'Sun network', the cryptocurrency's upcoming layer 2 solution
Source: Pixabay

Tron [TRX]’s focus on creating Web 4.0 has been obvious for a long time. Aside from achieving mass adoption and mainstream usage, Justin Sun and the Tron Foundation prides itself on being a leader in the field of Decentralized Applications [DApps] and scalability. Complying with the mantra, the Foundation’s CEO and Founder, Justin Sun recently tweeted,

“#TRON will release the detail of #Sun Network soon! #SUNNetwork is our layer 2 solution to achieve 100X scalability. #TRON’s dapp usage is poised to scale from the current millions to hundreds of millions after launch. GO #TRX and #BTT! #BitTorrent #BTT #TRX”

Tron working towards scaling up is in tandem with the cryptocurrency network’s efforts to blow Ethereum [ETH] and EOS, its closest rivals, out of the water. Vitalik Buterin, the Co-founder of Ethereum recently spoke about scalability on the Ethereum network, mentioning Shasper and other ideas to improve the ETH protocol. Coincidentally, Buterin had also elaborated on the development of layer 2 on the Ethereum network and its advantages over layer 1. According to him,

“Think of layer one as making a highway bigger and making more highways. Layer two solutions are like having 10 cars being fit inside a truck, and having more highways to facilitate these truck. To achieve scalability, and it will be, layer 1 and layer 2 will act as different kinds of methods towards similar goals. It’s basically scaling in different ways”

Justin Sun previously spoke about the organization doing its best to rope in more users, a part of which was the new hybrid method introduced by Tron to integrate it with BitTorrent. During the BitTorrent integration, the Tron CEO had stated,

“We are currently working on a new live/social media app and looking for ways to integrate BTT on it! By doing that we aim to empower a new generation of content creators to distribute their content without a middleman and offer a very authentic channel for the fans to connect with their idols and the content creators with their audience.”

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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.


Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app




Binance Chain's "decentralization" questioned by Bitcoin enthusiast; calls Binance DEX as just an "app"
Source: Unsplash

Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.

According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.

He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:

“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”

He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.

Wertheimer further added:

“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”

A Twitter user, @bag_holder commented:

“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”

Another Twitter user, @thecryptostefan commented:

“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”

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