Wednesday, April 21, 2021
Home Crypto News Market Tron CEO Recently Made Some Statements To Clarify Allegations Against Him And...

Tron CEO Recently Made Some Statements To Clarify Allegations Against Him And Tron

- Advertisement -

Tron (TRX) CEO Justin Sun responded on Twitter to some of the allegations against him and the company. Justin Sun explained that the TRON network is not controlled by any individuals or entities, including himself.

The CEO of Tron (TRX) recently made some statements to clarify some of the allegations against him and Tron.

I would like to clarify some of the allegations concerning me and Tron,  the Tron CEO said in a post shared on Twitter.

Clarified the issue of regulation

U.S. or Chinese regulators have so far made no decisions for Tron or BitTorrent, Justin Sun said. The Sun explained the structure of the TRON network while detailing the issue of regulation. He said The Tron network has more than 18 million users; the network has 27 different representatives and 300 candidates. Sun reminded that at least 19 representatives must vote the same in order for any decision to be taken on the network, stressing decentralization.

The company’s headquarters and almost all of its members are in the Asian region,

We’re not aware of any centralization of the network, such that the failure of any person or entity would take down the system.

The TRON network has been operating successfully for two and a half years, and there have been no long-term outages on the network nor Tron is subject to any legal action.

Finally, Justin Sun said that the allegations against him and the company are groundless. In the end he added,

“Neither I, nor Tron, nor BitTorrent own Poloinex.”



- Advertisement -
Mark Brennan
Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Chiliz CEO Alexandre Dreyfus Announced Working On Chiliz Chain V.2

Chiliz CEO Alexandre Dreyfus has announced that they are working on the next version of Chiliz Chain. With the new version, users will be...

Binance list FC Barcelona Fan token

Cryptocurrency exchange Binance has announced that it will list the FC Barcelona Fan Token (BAR). The BAR will initially be listed in the exchange...

Cryptocurrency Fund Launches To Combat Volatility In Bitcoin

Backed by venture capitalist Mark Carnegie of MH Carnegie & Co., in partnership with leading global blockchain expert Sergei Sergienko. Marks the entry...

Gaming Giant Ubisoft Has Become A Validator In Tezos Network

The French gaming giant Ubisoft, known for Assassin's Creed and Far Cry, has joined the ecosystem of the Tezos blockchain platform as a corporate...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly