niTROn 2019 Summit: More than Kobe, More about TRON


On January 17 local time, the two-day's 2019 niTROn Industry Summit opened at the Yerba Buena Arts Center in San Francisco, America. The summit was hosted by TRON. Jinse Finance carried out the whole live coverage as the special invited medie.

Justin Sun's Opening Speech

Justin Sun, CEO of TRON, BitTorrent, delivered the opening speech at the conference and shared the "transcript" of TRON in 2018. 

Justin Sun, CEO of TRON, BitTorrent

Sun said that in 1999, his mentor Jack Ma also led a dozen colleagues to establish Alibaba, which is now top 10 website in the world. Since its inception in 2017, TRON has successfully launched its platform, which now ranks ninth and is one of the most popular blockchain platform in the world.

Sun said, in the past year, cryptocurrency has undergone a process of adjustment. But for TRON itself, it has done well in the passing 12 months. At present, the average daily amount of money transferring for 14 consecutive days in TRON exceeds 3 million, 4-5 times more than Ethereum, and the network is still very busy. 

The user growth of TRON is also pretty good . The number could reach to 15,000-20,000 in one day. The same number was only a few hundreds in 2017. Sun hopes the number could reach to 100,000 by 2019. The market often compares TRON to EOS, but EOS’s user number grows by about 1,000 per day, and the TRON is 20 times of that. The total number of accounts in TRON is twice of EOS. The block height of TRON exceeded 6 million. There was no accident caused by public chain protocol within TRON, according to Sun. He said, we did our best to ensure the smooth operation of every project on the platform. TRON will also launch more Dapps in 2019.

“The TRON has achieved full self-control,” Sun said. At present, the founding members of TRON have successfully withdrawn and the TRON community has realized democratic management. Right now, there are 145 Dapps on the network, with two Dapps going online every day. The development of Dapps in TRON has only been 3 months, while the applications of Ethereum have a history of 3 years development. From this point of view, the TRON is growing rapidly, and it is expected to make greater progress in 2019, said Justin Sun.

Looking ahead to the coming New Year, Sun noted that the TRON is aiming for at least fourth place in Coinmarketcap in 2019. Now with BTT, the TRON absorbs Bittorent into the ecosystem. 

Bittorent, which has more than 100 million users in 130 countries around the world, has entered the TRON ecosystem, which will greatly facilitate the large-scale application of blockchain.The current size of TRON team is 300 to 400 people, which is 10 times larger than the original one. TRON has a global goal of reaching 100 million to 1 billion users, which is just a starting point now. TRON protocol is expected to sweep the world like android and IOS in the future, according to Sun.

In the end of the speech, Sun concluded that, against the backdrop of global job cuts, the TRON team has been expanding against the trend. In 2019, the TRON will be even more promising. First, the technical team will keep improving the performance of the TRON network to save the block time, optimize the transmission link, greatly increase the timeliness on line; At the same time, more and more common nodes are added to the network to further create a decentralized network; In the second and third quarters of this year, Tron will absorb zero knowledge proof to the network to improve the privacy.The overall TRON trade volume in 2019 will reach $8 million to $10 million. Dapps will also explode and surpass Ethereum and EOS as the preferred platform for global developers in 2019.

BitTorrent and TRON Ecosystem

Jordy Berson ,BitTorrent COO

One major focus of this TRON meeting is about BitTorrent. Last summer, TRON has officially closed its acquisition of BitTorrent. 

Being a wildly used downloading platform, BitTorrent has more than 100 million active users worldwide, and has one of the top-rated apps on Google Play and other products, including BitTorrent Play (iOS), uTorrent Web, and desktop clients for PC and Mac.

After joining TRON, the public is focusing on how the platform has improved with blockchain.

Jordy Berson ,BitTorrent COO gave a keynote speech on how blockchain enables P2P networks. Jordy said BitTorrent wants to give people more options, not more rules.

Jordy Berson said in the speech, we are in the midst of the same skepticism that we had when the Internet was invented. BitTorrent wants people to interact with musicians and the like, to choose what content they want, to have rules that allow people to come together and communicate end-to-end, regardless of user's internet quality and bandwidth. For which, BitTorrent shares the same vision with TRON.

Jordy pointed out that some of the issues in the dissemination of information at the moment, such as the fact that there are a lot of fake news. Some prominent media outlets also set their own descriptive attitudes. Universities and scientific research labs are studying traditional information, some of which needs to be changed urgently. BTT is a brand new product that allows publishers to trade value via tokens, which were previously unavailable on BitTorrent. BitTorrent also has a live streaming platform on P2P, giving people access to resources and monetization opportunities.This is a case study of real application for blockchain. Jordy said, the first function of BTT will be released in Q1. BitTorrent will offer more services such as faster downloads, greater accessibility, no mining, and more traditional functions if you don't want to use the blockchain part.

Later, project leader of TRON ATLAS Justin Knoll, gave a keynote speech "Connecting BitTorrent to the Blockchain". Justin Knoll explained the technical principles of BitTorrent, as well as the formation of seed files, and the extensibility of BitTorrent.

Justin Knoll pointed out that the BitTorrent client has 100 million users, accounting for 22 percent of the upstream traffic, now trying to use blockchain to improve the principles behind the client. For users this means a new reason to spread the file. He also revealed that he will release BitTorrent Speed, a blockchain-based platform in future.

The Star: Kobe

Kobe Bryant

Another focus of the summit is the famous basketball, Kobe.

Basketball superstar Kobe Bryant was present at the second day afternoon meeting to chat about the startup story with Justin Sun, CEO of BitTorrent and TRON. Kobe and Sun talked about entrepreneurship, team building, and achieving goals.

Kobe talked about the reasons for becoming an investor: first, being an investor can help people realize their potential, which is more important than leading a team. Second, many successful athletes make poor financial choices and fail to find their own value. Kobe wants to avoid this situation.

Kobe Bryant also talked about his experience in Italy and felt the cultural difference between football and basketball, but he has found the common ground of sports beyond the differences. 

Now that personal data and space seem to be under control, Bryant said he's eager to see how technology can change the future."If you could only do one thing every day, what would be your favorite thing to do? Life only lives once, we must make clear of our favorite career!"

Sun agreed with Kobe. "Sometimes the idea is crazy, but you have to work hard to achieve. For example, TRON's goal is to become an outstanding blockchain platform," Sun said, describing the inspiration of Jack Ma's entrepreneurial spirit and praising Kobe's Mamba spirit.

In the Internet 3.0-4.0 revolution, many people don't understand why blockchain is important. Sun briefly summed up the blockchain: “You don't need to trust anyone, you just need to trust technology. Blockchain makes it accessible and available to everyone.”

Sun said that many employees have different cultural backgrounds, but all share the values of Internet decentralization and believe in the cryptocurrency and blockchain industries. TRON does not pursue profit, and is not a speculator. "To decentralize, to give freedom back to the user, is for the benefit of user not for us. This value coincides with BitTorrent. BitTorrent also goes decentralized first. TRON and BitTorrent makes a fair match."

    Adapted from: Author: Emily Executive editor: Emily Sun
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