Categories: Ethereum

Tron Founder Justin Sun Wants to ‘Rescue’ DApp Developers from Ethereum & EOS

Click here to view original web page at

Tron founder Justin Sun has thrown a jab at Ethereum and EOS, announcing on Twitter that the company wishes to create a fund to “rescue” dApp developers working on both platforms on the condition that they move their dApps to the Tron network.

#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX

— Justin Sun (@justinsuntron) December 7, 2018

Driven by Sun’s penchant for successful self-promotion as well as the company’s successful acquisition strategy which saw it complete the takeover of BitTorrent in July, Tron claims that it has made significant progress toward its goal of building out the infrastructure for a thoroughly decentralised internet.

However, Sun was involved in a recent spot of controversy over his aggressive self-promotion after he hinted at a partnership with Chinese internet giant Baidu, only for it to emerge shortly thereafter that it was nothing more than a cloud computing services agreement. He also recently announced NBA legend Kobe Bryant as a speaker at Tron’s upcoming 2019 crypto conference.

The market, by and large, has rewarded Sun’s operational strategy, leading to Tron’s relatively favorable performance in an asset category suffering something of a meltdown. Ethereum and EOS, by comparison, are suffering significant losses, with EOS, in particular, performing poorly because of investor concerns over the longevity of its blockchain network.

In November, CCN reported that a research report by blockchain research and testing company Whiteblock stated that EOS is not really a blockchain network, but is, in fact, a “distributed homogenous database” suffering from significant security failings and lower-than-advertised network performance.

Ethereum is also suffering from the effects of the prolonged bear market, with co-founder Joseph Lubin recently announcing that his Ethereum development startup ConsenSys is kicking off a period of restructuring to eliminate underperforming projects and focus on projects that can create tangible value.

While no staff layoffs have been announced as part of the belt-tightening measures, it was revealed that henceforth all ConsenSys-backed projects would be ranked based on three criteria which, in order of importance, are: revenue or return on investment, positive impact on the Ethereum ecosystem, and social good.

It will be recalled that prior to current market conditions, Tron and Ethereum had historically been at loggerheads, with Sun having engaged in a public Twitter spat with Ethereum co-founder Vitalik Buterin over allegations that Tron plagiarised parts of its whitepaper from previous whitepapers by IPFS and Filecoin.

Featured Image from Shutterstock. Charts from TradingView.

Get Exclusive Crypto Analysis by Professional Traders and Investors on Sign up now and get the first month for free. Click here.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Is Boris Gone Landslide and How Would Bitcoin, Markets, React?

The sun has returned on London streets as Boris Johnson, the unelected British Prime Minister, once again covers our TV… Read More

3 hours ago

California Man Admits Masterminding $25 Million Bitcoin Launder Fest

A Los Angeles man has plead guilty to a multi-million money laundering scheme. | Source: Shutterstock By CCN Markets :… Read More

3 hours ago

WORLD NEWS: This Week in Blockchain and Crypto

This week has seen interesting developments around the globe on crypto projects and governments interest in the digital assets space.The… Read More

3 hours ago

Bitcoin Circuit: Is it a scam? Read our comprehensive review!

If you are looking for ways to speculate on cryptocurrencies, then I am sure you have thought about signing up… Read More

3 hours ago

Model: Bitcoin (BTC) Price to Surge 100% to $20,000 by May

In just around nine months, Bitcoin (BTC) will see its next block reward reduction — dubbed “halving”. Despite this rapidly… Read More

3 hours ago

Early Bitcoin Contributor Projected $10 Million BTC Price 10 Years Ago

Share Tweet Send Share Just a week after the bitcoin genesis block in January 2009, computer scientist Hal Finney published… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More