Tron (TRX) News – Founder of Tron (TRX) Justin Sun takes a dig at Ethereum (ETH) and EOS

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Justin Sun, the founder of Tron (TRX) is widely known for promoting the cryptocurrency time and again. At times, the self-promotional techniques have resulted in a controversy as well. However, Justin Sun is at it again. This time, he took a dig at Ethereum (ETH) and EOS. Both of the cryptocurrencies have lost more as compared to the general cryptocurrency markets. This was one of the main reasons why he took a dig at both of these cryptocurrencies.

Founder of Tron (TRX) Justin Sun takes a dig at Ethereum (ETH) and EOS:

Recently, he stated that Tron is ready to create a fund in order to rescue the decentralized app developers working on the Ethereum (ETH) and the EOS platform. The only condition which he mentioned was that these developers will have to move their applications to Tron (TRX). Thus, in the end of it, it is actually a self-promotional technique.

Tron (TRX) has a vision to build the decentralized Internet. Owing to this very reason, Tron (TRX) recently acquired bit torrent as well. Bit torrent is P2P download software which users can easily use in order to download and upload files. It is entirely decentralized. That is why; it is the perfect fit for the decentralized Internet division of Tron (TRX).

Even though, time and again his digs have actually resulted in a controversy but overall, Tron (TRX) has performed better as compared to the other cryptocurrencies. When you look at Ethereum (ETH) and EOS, both of them have lost a significant amount of value. Moreover, many of the developers do not have confidence in their blockchain either. This is another problem which both of these cryptocurrencies are facing.

In fact, EOS has lost its position in the top 5 cryptocurrencies. It has been replaced by Stellar lumens (XLM). This clearly indicates that market is also sensing a problem for the EOS. While controversies have been surrounding EOS for a long period of time but this time around it seems like it is not able to emerge from these controversies successfully. It remains to be seen whether it will be able to retain its position when it comes to top 5 cryptocurrencies by market cap.

At the same point in time, the market will also try to figure out whether Justin Sun actually establishes such a fund which will aid the developers who develop decentralized applications. If indeed, he does that, sure enough some of the developers will be incentivized to move to the blockchain of Tron (TRX). This will provide further credibility to Tron which can actually increase the token price as well.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

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