TRON is not capable of handling BitTorrent token [BTT], says former BitTorrent employee
Last week the blockchain platform Tron led by Justin Sun announced that it would launch BitTorrent token (BTT). The new token will be issued by BitTorrent Foundation and will enable users to exchange tokens to improve network speed. This news was met with great fanfare and a sense of optimism by the Tron community who see it as the next step in the right direction for bigger and better things for the network.
Speaking about this development, Justin Sun, Founder and CEO of Tron said, “In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”
But there are some critics who see it as all hype and no substance. One of them is Simon Morris, who was BitTorrent’s chief strategy officer, tasked with exploring the potential of blockchain and cryptocurrency.
Speaking to BREAKER, Simon Morris said that there’s “no way” the Tron blockchain can handle the transaction volume needed to tokenize BitTorrent. And Morris thinks there’s little reason to believe Tron’s claims about BitTorrent Token.
“It seems they’re going in the same direction [as our plan]. But what’s very clear is that they’re going to say they’re going in the same direction, come what may, because that’s what Tron does…it’s basically, a marketing machine layered on a very thin veneer of technology,” he added.
Morris further notes that it’s highly unlikely that Tron can actually execute transactions at the rate required to make a tokenized BitTorrent work.
“The transactional capacity we [were] looking at was needing hundreds of transactions a second just to get started. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap.”
Airing his opinion about Tron’s main guy, Justin Sun, Morris says: “It’s very clear that Justin is very strong at marketing. He has a very nice personality, but he doesn’t have a technical bone in his body. But the approach that bothered me was, the very sort of Trumpian approach—if you get caught in a lie, the answer is you double down on the lie.”
Well, Morris might sound a bit too critical of Tron and its leader Justin Sun, but if there’s an iota of truth in his claims then it is quite possible that Tron’s BitTorrent token (BTT) might not be as successful as it is being claimed by the Tron leadership and the community.
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