Justin Sun, Tron’s CEO and founder, has decided to step down from his role effective today, Dec. 17. During an exclusive interview with CoinDesk, he revealed that his focus will now be on pushing for blockchain technology to be legitimized in Latin America.
For this reason, he is taking on the role of an ambassador of the Grenada government to the World Trade Organization (WTO). Though he’ll not be actively involved in the running of Tron, he stated that he will always make every contribution possible towards the network’s growth.
TRX holders will take over Governance
Since the Tron blockchain was created in 2018, Justin Sun has been the head. This network has grown so fast to become a strong competitor to Ethereum from which it was created.
Due to his decision to leave his role, Sun said TRX holders will take over the running of the network, since it has attained true decentralization. There’s no announcement regarding Sun’s successor, although we are yet to know if this is the new status for the network.
Pursuing the Legitimization of Blockchain in Grenada
El Salvador has made headlines on some occasions for becoming the first nation to recognize Bitcoin as legal tender. Although this doesn’t seem like much, this has inspired Sun to legitimize blockchain in another Latin American country – Grenada.
Sun revealed that Grenada has many benefits for blockchain-related businesses. The education system is sound, which could help train a new generation of blockchain developers.
He then added that legitimizing blockchain in Grenada successfully could cause China and the United States to pursue the technology seriously, promoting a general adoption.
Disclaimer: Information found on Blue Edge Crypto is those of writers quoted. It does not represent the opinions of Blue Edge Crypto on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Wilson is a successful crypto analyst and content writer with many years of writing experience in finance and blockchain fields. His interests are in crypto-asset research and technical analysis, Fintech, Blockchain, DeFi, NFTs, and Personal Finance.