the In the course of the Binance Hack on 7. May TRON-founder Justin Sun offered to pull the cart out of the Dirt. With a Rescue operation of a 40 million US Dollar he wanted to help the Bitcoin stock exchange. It looks behind the Scenes anything other than rosy.
By Phillip Horch
9. May 2019BTC$6.028,00 1.98%part Facebook Twitter LinkedIn xing mail
Justin Sun Ecosystem belongs in Bitcoin to one of the controversial figures, is no secret. So about Vitalik Buterin, his character expressed Mastermind behind Ethereum, is repeated negatively about the direct competitors a. k. a. founder of TRON. Accordingly, he described TRON as a copy of Ethereum and accused Sun in a famous Tweet as a Copy Cat:
8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)
— Vitalik Non-giver of Ether (@VitalikButerin) April 6, 2018
Justin Sun, however, can not have the opportunity to catapult himself and his TRON project in the center of the attention. The 29-Year-old offered shortly after the Binance Hack about, for the losses in the amount of 40 million US dollars to pay:
To support @binance , I want to personally deposit 7000 BTC worth USDT (40 million USDT) into @binance to buy $NBB, $BTC , $TRX & $BTT if @cz_binance agrees. No need to #FUD! Funds are #SAFU!
— Justin Sun (@justinsuntron) May 8, 2019
in order To Binance to support, I’ll transfer personally USDT in the value of 7,000 BTC (40 million USDT) on Binance to buy NBB, BTC, TRX & BTT, if [Changpeng Zhao, CEO of Binance] […] is in agreement. There is no reason for FUD! Funds are #SAFU!
Apart from the fact that Changpeng Zhao refused to accept the offer immediately, is likely to have raised the Tweet in the case of some members of the crypto Community a question mark. The most urgent question is: Can it afford Justin Sun actually, Binance with $ 40 million in Tether to help out? Especially in light of the never-ending Controversy around the Stable Coin Tether you may ask, how did the founder of Tron has the necessary reserves. There are on one’s own Ecosystem, apparently, plenty of building sites.
Tron existed with a security flaw
Because, as you can see in the hack platform Hackerone, it was about until February without much effort possible to corrupt the whole of the Tron network. On the security issue, it would have been possible to attack the Tron network to a single Computer. Due to a Flooding of the TRON network attacks, a DDOS the attack is possible, which would have affected the network. The Bug has now been resolved, the network is considered to be safe.
in Contrast, Justin Sun failed to do it in the name of the Tron Foundation, however, is to move users with new incentives for the conversion in the direction of Tron:
To ensure smooth network operation, #TRON network grants every account a free pool of Bandwidth Points for free transactions every 24 hours. To engage in transactions more frequently requires freezing $TRX for extra bandwidth points, or paying the fee in #TRX. https://t.co/VuCI897Ttv
— Justin Sun (@justinsuntron) May 8, 2019
a smooth Existence of the network, guarantees the Tron network to each Account every 24 hours a free Pool of bandwidth points to ensure free transactions. To be able to regular transactions to participate, you must freeze the TRX, in order to get additional bandwidth points or the fee in the TRX pay.
The efforts to lure users into its own network, however, are not new. So the Foundation offered in March a discount on the own Tether Version.
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