en

TRON Is No Longer Decentralized, Co-founder Admits And Leaves The Project


www.investinblockchain.com 2019-05-13 06:10
Reading time: ~2 m

Co-founder of TRON and former CTO, Lucien Chen, has made a worrying remark regarding the TRON network, saying that “it is no longer decentralized.”

Former Co-Founder and CTO of https://t.co/RKakFDmUzo Lucien Chen publish 「Why should I rebuild a new TRON?」 https://t.co/gZDqoa2uNQ

— Volume Network (@network_volume) May 10, 2019

In an extensive blog post that speaks about Chen’s new venture, Volume Network (VOL), or as he puts it, “rebuilding a new TRON”, Chen first talks appreciatively about his time at TRON and their growth, saying,

During my two years in TRON, I felt the wheel of destiny turning rapidly and I also went forward under the drive of the wheel…in my efforts, the formation of the domestic team and the coding all started from scratch, and the currency began to soar from ICO. Until now, looking back on the past, it seems like a dream…It has gone through the stages of open source, testnet launching, mainnet launching, the acquisition of BTT, ecological expansion of TRON DAPP.

Thanking TRON co-founder, Justin Sun, he then begins to talk about the “irreconcilable contradiction”, stating that “TRON is no longer the original TRON”,

Thank Justin for providing me with this platform to grow up with TRON. But because of the irreconcilable contradiction between us, TRON is no longer the original TRON. I chose to leave, hoping to regain my original mind and rebuild my new TRON.

Chen offers 3 reasons for his departure from TRON: that TRON is no longer decentralized, it is not associated with the internet, and that it has “deviated from the spirit and original intention of the blockchain.”

Speaking about the problem of centralization, Chen said,

In the DPOS and Super Representative node, there is a problem of centralized voting. Some nodes have more than 90% of the votes with only a few voters. Therefore, the vote of ordinary retail investors has completely fallen. The total number of TRX in TRON is 100 billion, while the total number of votes for the super representatives is just less than 8 billion.

Chen sees his new project, Volume Network, as a solution to the problems,

I am deeply sorry to see the project that has grown up in my hands has become like this. The dreams and visions that Justin told me have been ruined. After several months of thinking, I decided to start the Volume Network(VOL) Project.


   Source