Justin Sun Advocates for Large USDT Holders to Use Tron Blockchain
Justin Sun, founder of Tron, has recommended that large holders of USDT transfer their assets to the Tron blockchain, highlighting its superior security and transparency compared to Ethereum. Tron has issued 62 billion USDT.
- Sun advocates for cold multi-signature storage on Tron for enhanced security.
- Tron integrates multi-signature directly into the blockchain, reducing risks associated with smart contracts used in Ethereum.
- Criticism of Ethereum's multi-sig system cites vulnerabilities from blind signing risks and third-party reliance.
- Tron's architecture ensures transparent multi-sign transactions, minimizing fraud and unauthorized transfers.
- Ledger devices provide clear transaction details on Tron, facilitating easy verification.
- Cold storage is emphasized as essential for protecting large USDT holdings against cyberattacks.
- Platforms like TotalSig and TokenPocket offer user-friendly multi-sig solutions for managing Tron-based assets.
Sun argues that security should be an inherent feature of the blockchain rather than depending on external smart contracts, positioning Tron as the preferable choice for significant USDT holders.