Singapore, Singapore–(Newsfile Corp. – September 15, 2023) – On September 14, Justin Sun, founder of TRON and member of the HTX Global Advisory Board, was invited to TOKEN2049 in Singapore and joined the panel session “Ecosystem and Industry Growth: Envisioning the Decade Ahead for Crypto”. He also noted that the crypto world needs to double down on enhancing transparency and global consensus to restore trust in the fallout of a series of risk incidents.
TOKEN 2049 is one of the major crypto events bringing together founders of world-leading Web3 companies, investors, developers, and media. This year, it has drawn over 10,000 attendees and 200-plus speakers to discuss various topics, including the regulatory landscape, artificial intelligence, Web3 games, the rise of NFTs and metaverses, scalability, and interoperability.
Sun shed some light on the future of the crypto industry in a roundtable session. With a total market cap of over $50 billion, stablecoins on TRON now record a daily transaction volume north of $12 billion.
Nonetheless, Sun also pointed out that people in the crypto and traditional financial worlds have their doubts about their professions in the wake of the FTX debacle. To rebuild trust with users, the industry needs “enhanced transparency and global consensus, and I believe it is important to raise awareness about transparency amongst the community,” according to Sun.
Zero-knowledge (ZK) proofs have been drawing interest from crypto enthusiasts since the beginning of this year, and Sun believed this is a critical step toward general trust across the space. Also, he reinforced the significance of the global consensus, which means universal agreement on the same agenda topics.
Talking about the importance of decentralization, Sun commented that decentralization is not just a technical framework but also the underlying philosophy of all crypto products. The blockchain theory opens a door for developers of Web2 applications across the globe to shake things up and create innovative solutions that restore control over data and privacy to users.
“A lot of infrastructures are still required to be put in place to make this happen,” said Sun, “We need a blockchain so powerful that it can handle tens of millions of transactions as our core infrastructure.”
Founded by Justin Sun in 2017, TRON has evolved into one of the largest public chains across the globe with 184 million users. TRON hosts $46.6 billion worth of stablecoins in circulation, making it the world’s top, and the circulating supply of TRC-20 USDT on it accounts for 52% of the overall circulating supply of the world’s largest stablecoin USDT.
Media Contact
Company Name: TRON
Contact: Jessie Huang
Email: [email protected]
Website: https://tron.network/
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