Justin Sun is a serial entrepreneur and very well-known in the blockchain industry. He is the founder of TRON Foundation, and serves as CEO of Rainberry Inc dba BitTorrent since June 2018. Mr. Sun previously led development for Ripple’s China business. He founded Peiwo, a popular live chat App in China with over 10 million registered users, serving as its CEO until July 2017. He became a Davos Global Shaper in 2014 and was on the Forbes 30 Under 30 China and Forbes 30 Under 30 Asia list in 2017. Justin earned his MA from UPenn and in 2013 and his BA in History from Peking University in 2011.
Blockchain technology was built in 2008 to create the idea of decentralization that stands
against the censorship of centralization governance. Due to the "Proof of work" consensus
algorithms that took time to create a new block. The brilliant idea seem to not find any
practical application in the real market. Many alternative crypto companies start to build
different kinds of systems, changing the data structure, changing the governance procedures,
create different kind of incentive and decentralize applications.
There are many well known companies such as Ethereum who brings blockchain technology
to the new level by supporting smart contracts and allows many other companies to
create their own tokens on top of their blockchain.
To solve the problem of speed, mining was replaced by staking.
A group of small amount of people were chosen to become witness of the whole
system, to maintain the well function of the system, the consensus is called "Proof of stake",
A similar and most promise blockchain also extended the algorithm to the
"Delegate Proof of Stake" which is much or less the same idea. In addition,
incentify users for their creative ideas and content creation - Steem was born in 2016.
Only 4 years after the creation of this promising company, something has shocked the whole crypto
community. A young man whose named "Justin Sun" which is one of a successful man,
he is also the founder of one cryptocurrenty TRON and cryto exchange Poloniex.
In February 2020, this young man bought Steem company together with a
large portion of steem stake called "The ninja mined stake", which could
easily take over the steem blockchain.
4 years of trust in the technology, the idea, the people had been overthrone by only
1 young man which is powerful enough to shake the steem blockchain.
A new blockchain emerge "HIVE" in the result of this historical event and a lot of thing
to learn from this pioneering social media decentralize delegate proof of stake blockchain community.
@cryptopreneur - cambodia serey community
17.840 SRY