Tron (TRX)
In episode 212 of The Bad Crypto Podcast, Justin Sun talks with crypto journalist Rachel Wolfson to discuss the Blockchain, Project Atlas, user privacy, the goal for Bittorent and how he got started in the cryptoverse.
The Tron Founder starts off the podcast with Project Atlas which is aimed to make BitTorrent more efficient with Blockchain Technology and will be introduced in 2019.
With most users leaving after downloading a file, he talks about incentivizing users to upload with a new cryptocurrency token called the “BitTorrent token” which will be issued on the TRON network. If more and more people start uploading files, the whole network benefits from this.
With BitTorrent being popular in 138 countries, there is a need for a global exchange of value instantly. With the Tron network handling 2000 transactions per second, there are in pole position to make BitTorrent great again.
User Privacy
He then talks about privacy with a dig at Facebook and Google who profit from users by selling user data to push ads. With the public sentiment against that, he thinks decentralization is the way ahead.
By Q1 of next year, Tron will adopt zk-SNARKs (zero-knowledge proofs) which will improve the privacy of the whole network making transactions untraceable by using shielded addresses.
Introduction to Crypto
Justin first got into Crypto in 2013 while he was at Grad school. He read an article on The New York Times on how Bitcoin and Blockchain works. At that time, he thought blockchain was just the technology inside Bitcoin and not the concept we have today.
“I think the first thing I heard about the blockchain and Bitcoin was that this was like the internet currency…. I think also that this is very young people friendly… When I first introduced this [idea] to my father, he actually needed a long time to figure out what that was.”
“I kept reading Bitcoin news every day… At that time, I was preparing for law school… I took the LSAT and I actually got a good score. Then, I applied for law schools, but Bitcoin disrupted my whole life… That’s why I dropped [those] applications. And then I went from Philadelphia to San Francisco to join the crypto community, and start my crypto career… So, definitely, I believe that crypto changed my life.”
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