Founder and CEO of Tron (TRX), Justin Sun recently gave an interview to CoinSpeaker, where he spoke about the key values and objectives of the company. He also shared insights on how TRX stands out from other similar projects in the market.
While talking about company key goals, Sun stated that their aim is “to decentralize the internet. That means we want to return to the vision of the original internet, which is to give everyone the power to share information freely. Right now, that power is mostly in the hands of large companies like Facebook, Amazon and Google”.
Key Competition
Further on Sun was asked about the key similar projects to Tron. The interviewer mostly concentrated on Ethereum and EOS to which Sun replied: “in the near term, yes. Both companies are looking for a decentralized app ecosystem. If we’re successful longer term, the competition will be Facebook, Google, Amazon and others”.
Moving to next question, the CEO pointed out the key differences between Tron and its competitors. “We use DPoS, which means delegated proof of stake. 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… It’s not like 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”, explained Sun.
Sun also was asked about the uses of cryptocurrencies in the lives of ordinal people who are not involved in the field. Here the CEO highlighted that many still do not realize the full power and prospective of the field. “Facebook owns the information you share there. Amazon and Google know where you, what you’re doing and what you buy. A decentralized ecosystem returns power back into the hands of users”, continued Sun.
Further Objectives of Tron
Further on, as a main objective of Tron for 2019, Sun stated building trust in the fields of cryptocurrencies and blockchain.
The complete interview is available here.
