Justin Sun, the founder of the Tron cryptocurrency project, published an article on the website of the Milken Institute, in which he shared his thoughts on the development of the blockchain and cryptocurrency industry.
An article by Justin Sun titled “Undoubtedly, the Blockchain Industry Has a Bright Future” is published on the website of the Milken Institute, a non-profit think tank working in the field of economics and politics. In his article, Sun notes that in the course of the development of any breakthrough technologies, including cryptocurrencies, errors can occur. However, they should be treated as a great opportunity to make improvements and invent something new. Experimental bugs are what keep the industry moving forward, so developers should always strive for excellence and not be complacent, Sun said.
He compared the advent of blockchain to the Renaissance, the Industrial Revolution, and the “boom” of internet companies in the 1990s. Sun called verification of transactions without the need for a trustee, transparency and immutability of data, as well as instant peer-to-peer settlements as the main advantages of the blockchain. Thanks to these innovative features, government and financial institutions are increasingly adopting blockchain.
The Tron executive refers to CoinMarketCap statistics, according to which about four new cryptocurrencies are created every day, and since 2020, the market for non-fungible tokens (NFT) has grown more than 20 times. Sun believes that the development of Web3 could make Decentralized Autonomous Organizations (DAOs) a new form of international organization. He cited the Tron DAO as an example and said that as of August 2022, it has over 108 million accounts and over 1,400 decentralized applications (dApps).
“Blockchain brings together people from a wide range of society, whether they are politicians, businessmen, programmers, gamers or artists. They all believe that blockchain can revolutionize society and create a new world,” Sun writes.
Justin Sun is invited to the Asia Summit of the Milken Institute to talk in more detail about blockchain, cryptocurrencies and the digital economy. The event will take place on September 29th.
Recall that in July, Sun announced his readiness to allocate up to $5 billion to help cryptocurrency companies experiencing a lack of liquidity due to the high volatility of the cryptocurrency market.
Russian 
English 
Polish