Viewing Crypto Through a Modern Lens. Jan 10 TRON — TRX Coin: KILLING FUD RUMORS. A presentation of counterpoints… Hey everyone, it’s me again, TwentySumCrypto . After the recent viral success of my past two TRON articles: TRON — (TRX) Coin Perspective Part 2: Addressing FUD + “Unwarranted FOMO” I have received quite a few requests from the community to do an in-depth analysis of the fake news and misinformation floating around the Web about TRON / TRX . So here it is! Full disclosure: I do have investment in TRON , however my articles and perspective are NOT INTENDED to be seen as investing advice or guidance. Invest at your own risk! There’s a lot to cover, so I’m just gonna jump into it… FUD #1 : TRON has no product.
They do have a product .
The source code has been released and is currently on GitHub.com being improved and updated frequently. Tron Introduction Wiki can be found here .
Image from TRON GitHub Wiki. According to the Wiki: The consensus of TRON adopts a three-step strategy . The first step is to adopt a Kafka -based technology system to implement a centralized consensus algorithm. The purpose of TRON is to achieve system joint debugging and functional integration. The second step is to use Raft -based distributed consensus mechanism to realize the centralized and distributed leapfrogging. This step gradually improves the functions of network and distribution and lays the foundation for the eventual realization of a wide distribution with no logical center.
The third step is to realize the Consensus mechanism of PoS and realize the Byzantine Fault Tolerant Consensus based on the “Margin Mechanism + Epoch Confirmation” and the compatibility consensus between PoS and PoW. TRON is currently open source code to achieve a consensus algorithm for the first phase of the center. The second phase of the distributed consensus algorithm is under development and testing. The open source code is currently being worked on and improved on daily.
https://github.com/tronprotocol/java-tron FUD #2: Plagiarized Whitepaper Recently, reports were written claiming that certain sections of the English translated version of the TRON whitepaper were plagiarized from the IPFS and Filecoin whitepaper without references made to them. However, copying of code in the crypto world is common.
Almost every coin has a section of their whitepaper copied from another coin, with reference provided to avoid plagiarism. While it is not an excuse, it is important to note that plagiarism in China is common, it is not enforced as strictly as it is in the United States. However in the crypto world, it is still a point for concern and a matter that needs addressing. Shortly after the rumor was spread, Justin Sun addressed the issue via Twitter .
According to Justin , the original Chinese whitepaper was translated by volunteers into different languages, including English . Due to this reason, many important details and references were missed or mistranslated . In addition, the initial whitepaper that contained the plagiarized code was outdated and did not reflect the current code development being worked on via the open source on GitHub . Since the initial Chinese whitepaper was the one that was translated, all copies of the old whitepaper were removed , and the newly updated and current Chinese whitepaper was released here . This updated whitepaper now reflects the current state of development Tron is in, and contains no plagiarized material . English translations of the new whitepaper , along with an English website + TRX Dog game will be released soon. Things to take away from this drama: The TRON project is roughly ~4 months old.
They are a Chinese team with majority of their investors from Asia . For this reason, their main priority has been updating their Asian investors. As Justin said in his tweet, they did not expect to have so many translated versions this early. With the San Francisco office opening soon, priority into English related PR will become much easier and streamlined. Justin Sun was, once again, quick to address and dismiss any drama that has involved TRON .
He replied in a very humble and sincere way, apologizing about the mishap while also “ hoping to learn from it .” He handled the drama with Litecoin creator, Charlie Lee, in an equally graceful manner.
Justin Sun claiming TRON is always open for constructive criticism and advice. FUD #3: No one in China knows Peiwo, does not have the user-base it claims. Another FUD rumor that gained traction recently was that Peiwo , the 10 million user company created by Justin Sun, does not really have the user base that it claims.
Evidence for this claim was to “ Google it ” for yourself and see that there was no proof of such a large user base. The inherent problem that many fail to realize is that China does not use Western app distribution platforms like the Google PlayStore . They have various different platforms of their own.
Just to list a few of them: .
