Wednesday, July 28, 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 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

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

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