At Binance Blockchain Week Dubai, I shared how TRON’s diving into the future of blockchain, from shaking up finance to exploring new ideas like digital nations with Liberland. Check out what’s next for #TRON!
#blockchainfuture #TRON #Liberland #JustinSun #binanceblockchainweek
Questions asked in this interview
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3:00What factors contributed to this sudden surge in activities, and how does Tron plan to adapt to potentially recurring spikes in demand without compromising on decentralization and security?
7:36Based on what you've just shared in terms of updates, can you also share from a technological upgrades perspective, from the roadmap perspective, from a feature and enhancement plan, what can we look forward to from Tron?
13:00... technology, how do you envision the TRM Financial Crimes Unit's role in not only combating illicit activities, but also how to actually grow trust and adoption in your ecosystem, especially in a very big audience of people globally?
16:38And of course, what policies do you have in mind?
Hello and welcome everyone to another special edition of Binance Live: Road to Dubai, the pre-Binance Blockchain Week live stream. My name is Jack Wong, the marketing BD here at Binance, and I will be your host and moderator for the session today. So for those who are new to this, Binance Blockchain Week is Binance's annual flagship conference where we bring together the very best of the crypto ecosystem and industry under one roof. Last year's Binance Blockchain Week edition saw over 2,600 attendees in person in beautiful Istanbul, Turkey, and overall the event in Istanbul for Binance Blockchain Week 2023 was a great success. This time around, this year we will be landing on the shores of the United Arab Emirates in sunny Dubai, and we'll be kicking things off between the 30th to 31st of October at the Coca-Cola Arena. So on today's stream, we do have some very special guests and some surprises as well, and we will be introducing them as we go along on today's session. So I'm sure everyone's super excited, so let's get started with our first special guest, His Excellency Justin Sun, the founder of Tron and Prime Minister of Liberland. So good day Justin, glad to have you on board. So welcome to our live stream.
Yeah, so similar to what has happened last year, you were also the special speaker to kick off our live stream at the Istanbul live stream. So glad to have you back again this time around. Very thank you for your time. We're going to run through some questions that we'll have, and you know, we'll go through and have some of your opinions on these questions for audiences today.
Yes, definitely. I think it's my great honor to participate in the Binance Blockchain Week. I think since 2018 actually, and I'm glad to see Binance Blockchain Week has grown in the last like five years, and I think we will continue to see the success of Binance Blockchain Week, which has already been a very popular brand in the crypto industry.
Great, thank you for the kind words, Justin. We are looking forward to future successes together as well. So going through some of the questions that we have prepared for the Tron team and yourself directly today, let's start with our first question. There was a peak in Tron's network activity recently, prompting some discussions about raising the energy cap. What factors contributed to this sudden surge in activities, and how does Tron plan to adapt to potentially recurring spikes in demand without compromising on decentralization and security?
Yes, definitely. So first of all, Q3 has been a great quarter for Tron. So we have seen all the data hit all-time high in Q3. I think mainly for three reasons. First of all, we have seen a steady growth of the Tron network activity of the stablecoin transaction and the daily new active users. So it has been a tremendous user flow into the network, because I think everyone in the crypto space and in the Tron space are getting interest about TRON stablecoin and the usage of blockchain technology. I think that's the first thing. Second thing, of course, I think is the Tron meme season. So we launched SunPump on the Tron Network, which also brought a lot of attention from the crypto industry and started trading memes in the crypto space. And along with SunPump, we launched meme coin creation, a fair launch of meme coin creation. At the same time, we also launched an NFT platform on Tron as well, so created lots of developers to launch their NFTs together with meme coins, which I believe is also one of the factors. And third, of course, is because we continue to encourage developers to develop DeFi and other crypto applications on top of the Tron ecosystem.
So I think based on these network activities, we decided to do something to mitigate the network usage. So that's why the TRON Super Representative Committee has passed a proposal basically to increase the energy cap to reduce the fee of the TRON Network, basically give more people ways to access the TRON Network. And at the same time, I believe decentralization is also very important. So for me, I think first of all, we need to guarantee that the nodes are running around the globe without control by any single developer, which I also believe introducing reputable validators is also very important to the network. So in Q3 actually, we introduced Google Cloud to be one of the Super Representatives on the TRON Network. And in Q4, I think we will also introduce a few banks in Japan, licensed banks in Japan, to become Super Representatives on the TRON Network. And also, of course, I think in the past we have introduced an ETF issuer, VanEck, to be a TRON Super Representative. So I think we will continue, besides the community nodes, we will also try to attract multi-billion dollar public listed companies and financial institutions and also Web2 developers like Google to become our Super Representatives, I think to increase the decentralization of the TRON Network.
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