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Chief Technology Officer (CTO) and co-founder of TRON (TRX) Lucien Chen has resigned from the cryptocurrency project, citing ‘irreconcilable contradictions’ between himself and CEO Justin Sun as the reason for his departure.
Reasons for Resignation
Chen had announced his departure from the project in a post on the blogging platform Medium; the post has since been removed but Chen’s comments on it have been captured by crypto enthusiasts and are making rounds in the social media. Chen lists some of the main reasons for his resignation:
The irreconcilable contradiction
“…because of the irreconcilable contradiction between us, TRON is no longer the original TRON. The reason for leaving is very simple. As a technical man, I feel very sad that the TRON has departed from the faith of ‘decentralize the web’.”
That TRON is no longer decentralized which runs counter to the philosophy of blockchain
“In the DPOS and Super Representative node, there is a problem of centralized voting. Some nodes have more than 90% of the votes with only a few voters. Therefore, the vote of ordinary retail investors has completely fallen. The total number of TRX in TRON is 100 billion, while the total number of votes for the super representatives is just less than 8 billion.”
“The spirit of the blockchain is decentralized, while TRON project is centralized. Token distribution is centralized, Super Representatives are centralized, code development is centralized. Even the community is organized under centralization.”
Bad money drives out good
“The technology platform of TRON was built by me. I certainly know that the real Internet applications cannot function in TRON network at all currently. The TRON ecosystem is still far from commercial applications that users can really apply to. Bad money drives out good. Thus, DAPP in TRON is basically the gambling and funding project.”
Essentially, Chen believes that the TRON project has taken a path that has strayed from the spirit of blockchain and he therefore no longer wants to be associated with the crypto project. Blockchain initiatives were born out of a desire for increased security and decentralization. Chen says that as TRON matured and moved off the Ethereum blockchain onto their own, it lost its way and has become much less decentralized, deviating from the project’s original goals. He added:
“There are no diverse voices in the TRON ecosystem. It has turned into a monetary tool rather than a project aiming to decentralize the web, which was planned in the beginning”.
TRON Founder Justin Sun Accuses Chen of Multiple Transgressions and Violations
In a post on the Chinese social media site Sina Weibo, TRON’s controversial founder Justin Sun hurls a bucketload of serious allegations against Chen (in free translation):
After verification and inspection by our supervision department, Chen, Zhu and Jie have committed serious violations of the company’s rules and laws: they are suspected of misappropriating their duties, accepting bribes, violating non-compete clauses, and infringing trade secrets and intellectual property rights. They were fired in January 2019. The relevant materials were handed over to the justice department. Chen joined the company in October 2017, before his dismissal in January 2019. We was an ordinary employee of the technical department and was never a co-founder.
In response to Sun’s severe accusations, Chen stated on a now-deleted Medium post that he examines a lawsuit against Sun.
It is important to note that Sun is quite a contentious figure, or at least one who attracts drama (to say the least), in the crypto world. For instance, he had public clashes with BitTorrent’s ex-chief strategy officer Simon Morris and also with Stellar’s Jed McCaleb.
What’s Next for Chen?
Chen also mentioned that he is working on developing his own crypto project called Volume Network, which is more in line with his goals for a decentralized blockchain platform.
It will certainly be interesting to see how the TRON staff and community will react to this new project, and whether or not it will directly compete with TRON. Most fascinatingly, though, is if and how Justin Sun will keep (over?) reacting and if indeed Chen will ultimately really sue him.