Tron CEO, Justin Sun, has announced a plan to introduce a privacy protocol for the Internet named “MPC Torch.” Such an ambitious claim is dubious given the project’s lackluster history and Sun’s reputation for failing to deliver on bold promises.
1. The Tron network is failing to attract legitimate adoption
Whereas Tron is designed to compete with Ethereum, since its much-hailed IPO in September, 2017 the platform has become largely a speculative asset. Almost all of its decentralized applications (dApps) are gambling-based, and its market share is declining.
Moreover, Tron is notorious for having most transactions based on wash trading and inaccurate reporting from exchanges.
2. Justin Sun has a history of dishonesty and false claims
The controversial head of the Tron team, and leading cheerleader for its adoption, has long…
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