In Defense of Justin Sun
People mock Justin Sun and TRON. But by several metrics it's a successful business. Time to get over the snobbery, says VC Alexander Blum.
TRON is a blockchain operating system/platform for decentralised apps and was founded in Singapore by TRON CEO, Justin Sun. It originally sought to target the entertainment industry but has since evolved to cover the whole dapp market. The main idea is to enable content producers to sell direct to consumer rather than using third party app stores or other apps. The creator also owns all data in relation to their content. The plan is to evolve over 4 stages – exodus, odyssey, great voyage and Apollo with this idea to graduate from a free peer to peer platform to TRON tokens being issued by content producers. The currency is known as TRX and cannot be mined. The TRON mainnet was launched in June of 2018, however it raised $70m of funding through an ICO in the fall of 2017.Blockchain 101
A flood of class-action lawsuits were filed in New York Friday, taking aim at a number of major cryptocurrency projects over their token sales.
American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day.
The new platform uses Tron's TRX token for purchases and its first project is within the Tron fold.
A judge granted Justin Sun’s motion to compel arbitration in a lawsuit alleging wrongful termination and workplace harassment at the Tron Foundation.
The blockchain for bloggers, Steem, is moving to Hive.io, CoinDesk has learned. The hostile hard fork is scheduled for Friday.