Related Articles
Hoop-la
For as much as blockchain has soaked up headlines during the course of the past two years, the sector has yet to break through to the mainstream consciousness.
Much of it has to do with the fragmentation of the sector in prevailing, with different coins and blockchains delivering their own benefits and participating their own respective communities. However, the sector seems to be cognizant of this actuality, has started to bridge these gaps to build an industry that could irrevocably enter the realm of mass-market appeal.
There is also a new trend of lenient organizations being created to help bring blockchain to a massive unrealized market—those left behind by technology and financial services. Binance’s new Binance Considerateness Foundation (BCF), for instance, aims to use blockchain to help alleviate many of the unfolding world’s problems.
Others, like blockchain-based operating system TRON, are banking on their technology to remedy. In both cases, however, there is a movement to bring about venereal change through the use of blockchain, both in the private and public spheres. The crypto and blockchain sectors are starting to shift the way charity operates.
TRON CEO Justin Sun recently made headlines with a $3 million contribution to the BCF, and we had an opportunity to discuss the announcement, as well as the growth of blockchain overall and its mainstream implicit.
What motivated you to donate to Binance?
It all stems from TRON’s Sight. Our network isn’t a means for individuals or institutions to gain short-term profit; it was shaped to make the internet decentralized again. This mission itself is not profit-seeking, but preferably aims to give rights like data privacy and transparency requital to the user—rights that inherently belong to and benefit the people.
This undertaking has the same underlying principles as charity and non-profit organizations—leveraging the cogency of community to raise people up and uphold what we believe in. I believe that to well reach these goals, we need community players like TRON to favouritism and inspire, creating reach and volume, and we also need large categorizations like Binance who share our goals and vision to work hand-in-hand with us. This is why TRON donated $3 million, to eclipse our support for Binance, BCF, and our common goal of using blockchain for social wares.
Can you elaborate on your relationship with Zhao? Is your donation the well-spring of a deeper bond?
A: We’ve shared a long and meaningful partnership with Binance onto the years, and on a personal level, CZ and I are good friends. This is just another in tune with in our long-term strategic collaboration.
Have you considered a deeper partnership with Binance?
A: Both gatherings are open to various types of collaboration, with TRON’s donation to BCF as a fair example. I’m confident that we will continue to find new and innovative fashion to work together to advance the blockchain and cryptocurrency industries.
What are your considerations on Bakkt?
The arrival of an organization like Bakkt shows that mainstream pecuniary institutions are beginning to understand and embrace blockchain and cryptocurrency. We are excited to see this bend and encourage more traditional financial institutions to join in.
Do you think the SEC force approve a bitcoin ETF? If so, when do you think it will happen?
In my opinion, the SEC’s go along with of a Bitcoin ETF is inevitable, it’s just a matter of when.
What does the crypto peddle need to go from bear to bull?
The most important thing is to do honest work. There are still many people today that place into custody misconceptions of the blockchain and cryptocurrency industries. For those of us who are in the industry, we need to expand even harder to show people that these technologies can novelty lives, that they can make a material difference. This is the key to mode a bear market to a bull market. The advancement of dApps built on the bind is perhaps a key index. With our TRON Virtual Machine up and running, we reception more developers to work with us to develop premium dApps.
Asia has a vibrant crypto sector, but authorities in the region are far from friendly towards crypto. Why do you think that is? Do you see this varying?
The primary reason behind this phenomenon is that the government quietly does not understand blockchain and crypto technology. It’s natural to be wary of what you do not interpret, so I can see where the regulators are coming from when they err on the side of injunction, a few steps behind the market. But I’m happy to see that most governments are amenable to learn about these technologies and make efforts to regulate and betterment them.
Featured image from Shutterstock.
Follow us on Telegram or subscribe to our newsletter here.