the Lucien Chen, founder and CTO of Tron Foundation, is leaving the company and in the future their own way. In his statement to the exit is not more criticized by the cryptocurrency TRX have a lot to do with the idea of a decentralised Internet together. Therefore, the Tron-founder wants to start a new Blockchain project.
Selim Baykara
14. May 2019BTC$7.880,00 11.82%part Facebook Twitter LinkedIn xing mail
The media published a detailed Blog Post not only gave the investors the Tron-Foundation for a big Surprise. In the post Lucien Chen writes that Tron was lost in the last two years, increasingly from the right path. “As a technical person I am very sad about the fact that TRON is deviated from the Belief in a decentralised Internet,” said Chen.
Therefore, the TRON-founder is getting out of the project
Specifically, at gives three reasons for his exit:
Tron is no longer decentralized.
The consensus algorithm DPOS (Delegated Proof of Stake) as well as the Super-Representative Node, according to a serious Voting Problem and, de facto, be centralized. A few Nodes had more than 90 percent of the total votes, while the normal retail investors would have no voting rights. This is the basic idea of the Blockchain disagree.
Tron is not connected to the Internet
As a technology platform, Tron is a failure, because there is, as yet, no functioning Internet Apps. The promise of decentralized Apps (dApps) have not been fulfilled, real commercial applications are far in the distance. The original in Ethereum-based platform was not game at the Moment, so more than one fortune, and financing of the project.
Tron contradicts the basic idea of the Blockchain
the third reason is, that Tron is totally deviated from the original idea of the Blockchain. While the Blockchain is based on a decentralized System, have developed Tron in the opposite direction.
The Token distribution is centralized, the Super Representatives are centralized, the Code development is centralized. Even the Community is centrally organized. In the Tron-Ecosystem there is a lack of diversity and different opinions. The project has developed a purely monetary Instrument, and nothing is left of the idea of the decentralized Internet left.
Lucien Chen
the New project is the idea of TRON revive
Due to the above reasons, so, he had decided “with deep Regret” to return to Tron and co-founder Justin Sun back, and to start a new project called “Volume Network” (VOL). Volume Network to a completely decentralized Blockchain project, exactly as it was presented at the time of his entry in Tron.
The process of decentralisation will be based primarily on Mining. The Problem with Tron was that the Proof-of-Stake mechanism, have led to an uneven distribution of the votes. With the Mining he wants to prevent exactly that.
The Volume Network to come to a new method of hard disk drives-Mining to use. This is more sustainable and more environmentally friendly than the current model, the set on the ASICs and expensive GPUs. In addition, the threshold for potential interested parties will be reduced.
Innovative consensus-model relies on the Proof of Space and Time
In contrast to many crypto that currently rely on Proof-of-Work mechanism, intends to introduce the currencies as the Volume of Network consensus algorithm, “Proof of Space and Time” (PoST). In this model, participants of a decentralized network to prove your financial interest, by providing storage space available.
the PoST works in a similar way as the Proof-of-Space mechanism, which was also brought from the BitTorrent into the game. The difference is in the fact that the Variable time plays a role. Miner must perform in accordance with the Received Block of data, some of the computationally intensive mathematical operations, and then the matching blocks by combining the results of the verification with the block data.
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