On May 26, Justin Sun, Chief Executive Officer of BitTorrent, explained how cryptocurrencies might become a vital financial infrastructure throughout the world in a documentary trailer. He is also the founder of Tron, a blockchain DAO ecosystem, stating that the future offers many opportunities for Web3 and Decentralization.
A few statistics were included to demonstrate how much the crypto market has increased in value. It has grown to $2 trillion in value in five years, with the goal of increasing it four times in the next five. If the price of cryptocurrencies rises, their worth will surpass $20 trillion.
The possibilities of Web3 and Decentralization are limitless, and the statement is just a little glimpse of the global enthusiasm. The younger generation is more inclined to this habit. People would rather learn about cryptocurrencies than credit cards. Before creating a bank account, the majority of them enrolled on a cryptocurrency trading site.
According to Justin Sun, cryptocurrency has the potential to become a significant financial infrastructure. The power that blockchain gives works in its favour. There is no time limit since the technology is available 24 hours a day, seven days a week, providing a significant boost to the decentralised ecosystem known as Web3.
Justin Sun also emphasised that Tron is now aiming to create a new algorithmic decentralised stablecoin in the next quarter, which has the potential to revolutionise the game for everyone. Stablecoins are known to be less volatile than cryptocurrencies.
Starting with the trial account, users may switch at any moment. Tron was created by the Tron Foundation as an operating system based on decentralised blockchain technology. TRX, the native token, was formerly on Ethereum and has now been transferred to Tron’s network.
