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Tron’s [TRX] Justin Sun says he will ‘build a monument’ in memory of Ethereum [ETH]

Akash Anand

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Tron [TRX]'s Justin Sun says he will build a monument in memory of Ethereum [ETH]
Source: Pixabay

The tussle between Justin Sun, the founder and Chief Executive Officer [CEO] of the Tron Foundation, and Vitalik Buterin, the founder of Ethereum has been going on for quite some time now. Both the proponents of the crypto verse have verbally attacked each other and the functionalities of their respective cryptocurrencies earlier. The latest jibe came from Justin Sun, who claimed that he would build a shrine in memory of Ethereum. His tweet read:

“When #TRON succeed, we will build a monument in memory of #ethereum! @VitalikButerin will be remembered for his tremendous contribution in #blockchain industry! #TRX #BTT”

Many followers of Sun were agitated at his comment, with some asking him to “stop talking”, while others attacked the eleventh largest cryptocurrency by saying “Tron shitcoin”. Sameem, a Twitter user, claimed:

“Those crying for price increase are obviously the eager sellers! Not the true supporters. Weak hands waiting to exit will always loose.”

Sun’s comments came in the wake of Buterin stating that he will lose a certain amount of hope for humanity if Tron overtook Ethereum. Buterin was speaking about Ethereum losing its position in the space and stated that he was optimistic about new projects aiding the crypto-space. When asked about the “most promising competitor for Ethereum”, Buterin did not say Tron. He said:

“Dfinity. Dominic [Williams, the president and chief scientist of Dfinity] and I use the aspirational term ‘sister network.”

Justin Sun backed his statements on Tron being better than Ethereum using the latest DApp Weekly report. The report had stated:

“Both development cost and user fee on Tron are low. Low development cost is needless to say. Developers need to freeze tokens to get the resources needed for app development and the cost on Tron is much lower than that on EOS. In the meantime, Tron offers free bandwidth and energy to users, and the resources are renewed each day. Comparatively speaking, Tron’s user fee is significantly lower as well.”





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Altcoins

Zcash’s revolutionary blockchain hits first fork in the road; Adamant Capital Founder questions move

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Zcash revolutionary blockchain hits first fork in the road; Adamant Capital founder questions move
Source: Unsplash

Zcash, the privacy-centric cryptocurrency project, swiftly stole the Libra’s limelight and switched the debate from payments and fiat-backing to blockchain technology and scalability. Lofty ambitions of Zcash aside, the Electric Coin Company’s [ECC] new blockchain has not convinced everyone in the community just yet.

Tuur Demeester, Founding Partner at Adamant Capital, shared his opinion on Zcash’s new crypto-adventure, much to the dismay of the larger ZEC community.  He detailed a list of points surrounding the new project which, in his opinion, “sound horrible.”

Citing a report by Decrypt Media, Demeester highlighted flaws with respect to scalability, similarities in the crypto’s roadmap with other projects and the issue of “sharding.”

Nathan Wilcox, in the aforementioned report, had stated that the new blockchain was developed to make ZEC available to 10 billion customers by 2050; hence, the noted infrastructural improvements to the network. Coupled with the prospects of introducing sharding to “speed up transactions,” a switch was necessary.

Demeester’s primary issue with Zcash’s new blockchain is the introduction of a new coin, following the “implicit admission” that the coin they had, ZEC, was “never scalable” and a jibe at the privacy aspect of it, which the coin’s backers tout often. The lack of privacy transactions usage was described by many as one of the “biggest problems” for Zcash. This was because by default, transactions on Zcash are not set to “private,” unlike Monero [XMR]. In fact, less than 2 percent of all transactions are “fully anonymous.”

The Adamant Capital Founder highlighted its roadmap similarities with Ethereum, especially on the subject of sharding in the blockchain.

Finally, the report, citing Wilcox’s words, said that the ECC and the Zcash Foundation will stop receiving funding from mining rewards in 2020, while not mentioning how the development funding for the new project will come about. Demeester, in his final point of criticism, mentioned this as a “subsidy for ZEC Foundation.”

His full reply stated,

Josh Swihart, VP of Marketing and Business Development at ECC, hit back at Demeester, calling the criticism “wrong and biased.” He said,

“Wrong and biased take. It’s a recognition that bitcoin doesn’t scale and that scalability and privacy are complimentary. Did you watch the session?”





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