Lucien Chen, Former TRON CTO, Calls the TRX Network Out for Lack of Decentralization
There seems to be trouble in the Tron (TRX) Paradise. Lucien Chen, Co-Founder and Chief technological officer of Tron is no longer with the Network. However, before leaving, he states via a Medium post on May 10 that his reason for departure is the lack of a truly decentralized network.
As it is, Lucien is leaving to create a New Tron due to irreconcilable differences with the Tron Network.
A technical expert as well as an expert in big data, Lucien, is disappointed that Tron has departed from being what it set out to be, a Decentralised Network. Lucien, who joined Tron in October 2017 co-founded Tron with Justin Sun.
He was with TRON when the network moved from its testnet launch to mainnet launch and right through the acquisition of BitTorrent (BTT) and the growth of the TRON DAPP. However, he says he is choosing to leave because TRON, as it is today, isn't the original blockchain project the team proposed to build.
Speaking on the decentralization of the network, Lucien states that there is the issue of centralized voting in the “DPOS and Super Representative node.” He claims that some of the Representative nodes had only fa new voters but controlled more than 90% of the votes.
He also claims that as the builder of the blockchain platform, there was “No diverse voices in TRON ecosystem. The whole project has developed into a monetary tool without any “decentralize the web spirit.”
Lucien claims that the network lacked true decentralization and bore all the markings of a centralized network. He states that there are three key centralized elements within the Tron network.
He lists them thus, “Token distribution is centralized, Super Representatives are centralized, code development is centralized. Even the community is organized under centralization.”
Lucien is focused on creating his own ecosystem which he calls the “Volume Network”. He reveals via the medium post that the ecosystem will be a truly decentralized system based on Mining. He hopes to rebuild a new TRON and return the spirit of decentralization to the blockchain.
The former Tron CTO also revealed that to run the Volume Network, the ecosystem will adopt a total value of $1 million and $30,000 market value circulation. He also claims that VOL will only accept low valuation while avoiding all forms of investment institutions, unlike TRON.
What do you think about Lucien's VOL, do you think it will really solve the problem of decentralization? Share your thoughts with us in the comment section below.
Live Tron (TRX) Price:
1 TRX/USD =$0.0442 change ~ -6.79%