TRON Foundation
Jul 4 · 5 min read

Justin Sun, CEO & Founder of TRON, delivered a keynote speech on ABS 2019 on 2nd, July in Taipei. Let’s have a quick review about what he talked in the summit.

Check out his speech content:

“Currently, TRON has entered a stage of complete community autonomy, with 27 Super Representatives and over 186 candidates co-running the TRON network for more than 372 days.

In the past 14 days, the average daily transaction number of TRON has gone over 1.3 million, 1.5 times that of Ethereum in the same period.

As of today, there are over 3.2 million TRON holders, 2.5 times that of EOS.

We’d like to see 2019 as a year when blockchain-based DAPPs welcome explosive growth, a year that could be called “DAPP’s First Year”. The rapid development and diversified formats of DAPPs rely heavily on good user experience on the base chain, developer-friendliness, and outstanding chain performance. TRON has been putting in great efforts to optimize these areas.

Currently, there are over 600 smart contracts running on TRON with over 400 million times of contract triggers.

According to Dapp Radar, there are 476 DAPPs based on TRON; according to Dapp Review, TRON now has 500 DAPPs.

According to Dapp Review in last 7 days, the total daily transaction volume of DAPPs running on TRON has surpassed the sum of that of Ethereum and EOS.

We believe that in addition to sound infrastructure, in order to promote the DAPP ecosystem of the entire industry, appropriate guidance is also called for. That being said, TRON has established a global team of over 100 full-time developers and community volunteers, dedicated to provide for each and every developer on TRON with 24/7 assistance, so that the developers can be conveniently integrated to the TRON network and complete their DAPP development. We welcome more developers to join the TRON ecosystem.

In January 2019, we launched our new project: BitTorrent (BTT). BitTorrent is the world’s largest P2P downloading network protocol, with over 100 million active users and over 1 billion users in its ecosystem.

BitTorrent (BTT) is a Giant Leap in File-Sharing that allows content creators to connect with their audience, earn and spend digital currency without a middleman. By connecting the BitTorrent peer-to-peer network to the TRON blockchain, we offer a new experience to over 100M+ users in 138 countries.

Through the acquisition, TRON became the largest decentralized internet ecosystem in the world. And we’ve moved fast to maintain our lead. Improving the performance of BitTorrent Client and uTorrent, which are computer programs designed for peer-to-peer file sharing using the BitTorrent protocol, at the same time, TRON and BitTorrent teams came together to launch BitTorrent Speed, a decentralized bandwidth project supported by the TRC-10 token BTT, BTFS (BitTorrent File System), a decentralized storage project, and BT Live,uTorrent.

BTT has been listed on over 50 mainstream digital asset exchanges and wallets, including Binance, Bittrex, OKEx, Huobi, Gate.io, Bithumb, Upbit and Bitfinex, rising to become one of the most notable blockchain projects in 2019.

Also, BTT/TRX trading pair is now supported by 15+ exchanges.

•On March 4, TRON and Tether partnered up to introduce USDT to the TRON blockchain. The TRC20-based USDT (USDT-TRON) enables interoperability with TRON-based protocols and DAPPs while allowing users to transact and exchange fiat pegged currencies across the TRON Network.

•Currently everything goes according to the plan, and there will be even greater initiative launched in July

We will launch the industry’s largest and most widespread secondary market buy back program to drive community activity and market stability. The program will run for a year, and will have no less than 20 million in funding, buying back TRX from secondary markets in batches. Buy back has already begun for TRX.

On July 25, I’ll be co-hosting a lunch at Quince restaurant (SF)with Warren Buffett, CEO of Berkshire Hathaway and one of the world’s most successful investors. I’ve been extending invitations to blockchain leaders and others to join in this unique conversation.

While the lunch first and foremost benefits GLIDE through my $4.6 million charitable donation, I also hope that takes a step to bridge the divide between the blockchain industry and traditional investors. I look forward to updating the community afterward on the tone and substance of these conversations.

BT Live is coming:

Stage 1: 2019 Q3, Alpha version:invite a small, selected group of users for internal testing

Stage 2: 2019 Q4, Beta version: public testing in the entire network

Stage 3: 2020 Q1, Complete version: the first official commercial version of BT Live

BitTorrent File System (BTFS) is a protocol, but also a network application. It features a content addressable P2P mechanism targeted at storage and digital content sharing within a decentralized file system. BTFS aims to distribute storage resources globally via BTT. It will provide a low-cost, high-performance file storage solution for TRON DApps, greatly lowering developer costs for file storage, thus creating new business opportunities.

The BTFS Mainnet is set to launch in Q3, and will have TRON Mainnet support by the end of the year.

TRON Foundation submitted a proposal for the Sun Network in April 2019. The Sun Network will provide TRON mainnet with infinite scalability. Notably, the network’s dApp Chain will help dApps run on-chain via a customizable system, featuring low energy consumption, robust security and high efficiency.

BitTorrent Speed will also be available on July 8, 2019 (PDT).

Our niTROn Summit, held in January, featured a talk with NBA superstar Kobe Bryant, and panels and workshops for more than 1,000 community members. Planning is underway for our 2020 niTROn Summit, to be held in Seoul, and we are confident that it will be an even bigger success.”

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