Knoqnoq Forum: Everything You Want to Discuss, Most Discussed in India
Search
Reply: 2

TRON's former CTO, Chen Zhijiang: Binance has deviated from its original goal

[Copy link]

849

Threads

337

Posts

110K

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
13671
Post time 17-12-2023 20:32:20 | Show all posts |Read mode
Edited by Kabir903 at 22-12-2023 09:35 PM

According to Chen Zhijiang, what we see now as TRON is not the "original TRON." The initial intention was to create the concept of a "decentralized internet," but now everything is "centralized," and Chen points out three major "causes of death."

Chen Zhijiang stated, "TRON's proof-of-stake mechanism is 'pseudo-decentralized,' with the top 27 SR nodes holding over 170 million TRX votes, most of which are controlled by TRON."

TRON is no longer decentralized: In Delegated Proof-of-Stake (DPOS) and super representative nodes, there is a problem of centralized voting. Some nodes have over 90% of the votes but only a few voters. As a result, the votes from ordinary retail investors have plummeted. The total TRX on the TRON network is 100 billion, but the total votes for super representatives are less than 8 billion.

TRON is unrelated to the internet: The technical platform of TRON was built by me (Chen Zhijiang). I am well aware that real internet applications cannot currently run on the TRON network. The TRON ecosystem is far from reaching a level suitable for commercial application development. "Bad money drives out good money," and TRON's current DAPP ecosystem is primarily composed of gambling and fund projects.

TRON has deviated from the spirit and original purpose of blockchain: The spirit of blockchain is decentralized, while the TRON project is centralized. Token distribution is centralized, super representatives are centralized, code development is centralized, and even the community is centralized. There is no diversity of voices in the TRON ecosystem. The entire project has evolved into a monetary tool without any spirit of a "decentralized network.
Reply

Use magic Report

253

Threads

715

Posts

6892

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
6892
Post time 17-12-2023 20:43:18 | Show all posts
I don't think it's a deliberate deviation; it might be a response to the current situation.
Reply

Use magic Report

166

Threads

500

Posts

4755

Credits

Forum Veteran

Rank: 8Rank: 8

Credits
4755
Post time 18-12-2023 09:50:21 | Show all posts
It's essential to emphasize decentralization again.
Reply

Use magic Report

You have to log in before you can reply Login | Register

Points Rules

Quick Reply To Top Return to the list