Tron-Tether Partnership to Leave Omni in the Dust, says Justin Sun, Brock Pierce Takes Offence
Tron founder Justin Sun has now taken up to defeat Omni as Tron and Tether get into a partnership. Earlier this month, he took to Twitter, to share how Tron and USDT partnership will bring forward a smarter, faster, and free solution that is going to
“leave Omni in the dust.”
However, Sun’s remarks on Omni didn’t go very well with Brock Pierce, the Chairman of Bitcoin Foundation who has worked on various projects involving EOS, DNA and both Omni and Tether as well as he said,
“Why are you criticizing Omni?”
In response, Sun said he respects the infrastructure Omni has served as and assured that he will have the “words” changed.
I agree with you! I will ask our colleague to change those words in our material. I respect the Omni served as an infrastructure for so long! Really appreciate your advice! 😊
— Justin Sun (@justinsuntron) March 22, 2019
In his nearly 2 minute video, he talks about Tether (USDT), the US dollar pegged stablecoin that basically minimizes the risk and volatility persistence in the cryptocurrency market. USDT has no doubt that largest share in the stablecoin market with a market cap of more than $2 billion, which Sun says in collaboration with the faster Tron blockchain that offers an instant payment solution will beats Omni that takes about 3 hours.
Omni protocol is an open source, decentralized asset platform on top of the leading cryptocurrency, Bitcoin that allows the creation of currencies and decentralized crowdfunding. Omni cryptocurrency has a market cap of $1.6 million, as per Coinmarketcap.
Apart from speed, Sun says, while Tron blockchain is free, every transaction on Omni costs a user $1 to $10 USD while he further stating that if one fails to pay, the transactions could also be reversed.
Moreover, he says Tron blockchain is smarter where TRX20 tokens are based on the smart contract that allows one to do the development work which Omni blockchain cannot offer a user.
Recently, Tron has taken a turn to gain the attention of institutional investors as it did with its latest Odyssey update and now this partnership, Sun emphasizes will give Tron blockchain a new legitimacy that means an increase in the confidence of institutional investors.