TRON Founder plans to Save EOS and ETH Developers from Platform Collapse
The EOS and Ethereum (ETH) ecosystem has been going through their share
of challenges and TRON founder, Justin Sun, appears to havefuelled the
fire with his latest “charitable” offer.
Founder of decentralized Internet protocol TRON, Justin Sun, threw a jab
at the EOS and ETH platforms in his recent tweet about his next plans.
Justin Sun stated that TRON will be developing a fund that will
ultimately rescue the ETH and EOS platforms from collapse.
Apparently,the TRON Chief’s offer came with a catch as he further
highlighted that to access the fund, respective developers will need to
migrate to the Tron platform. The news was met with various reactions in
the EOS and ETH community. The EOS platform appeared to take up the
gauntlet as EOS New York was quick to reply with a countering tweet.
Clearly from one of its block producers, the tweet replied that they
appreciated the offer but they could do without it.
“We think we will be justfine given the billion dollars in VC
funding for #EOS and #EOSIO projects thatis locked and loaded around the
world at Galaxy, SVK Crypto, Tomorrow, etc.Appreciate the offer,
though. Best of luck, Justin. @block_one_ @SVK_Crypto@tomorrowbc”
Stirring of a dApp War?
Even as the crypto world seems to be recovering from the hash wars,
Justin Sun’s announcement appears to observers as the stirring of the
dApps war. In responseto Sun’s tweet, one commentator wrote that it
“looks like after the #hashwar we now have a #dApp war” True to form,
the EOS ecosystem has been plagued with decentralization wars and the
ETH platform working hard to overcome scalability issues. So, in a
community so centered on decentralization and with the recent damning
report by BitMEX, EOS seems to be in a fix. Ethereum(ETH) is also not
left out of the plaguing issues as it has been observed to be struggling
with the switch of its Blockchain protocol. The ETH team recently
announced that there was to be a change of the ETH protocol to
Proof-of-Stake from Proof-of-Work (PoW). According to the team, mining
will be more energy-efficient and transaction speeds will be faster.
However, this has not been achievable so far. Hence, with TRON a
decentralized platform, it appears to moving towards stealing EOS’s
crown and ETH’s position. Especially as TRON continues to grow at a
steady rate with its transaction rate and noted to be a third to
Ethereum’s transaction rates, it seems that the EOS and ETH platform
might in time find a viable challenger in TRON.
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