In the history of the development of the encryption ecosystem, the names of Justin Sun and Changpeng Zhao frequently appear in global mainstream media.

Justin Sun, who cashed out tens of billions of dollars at a time, teased Buffett, was wanted by the United States, was a tyrant at Peking University, and was an entrepreneur born in the 1990s.

Changpeng Zhao (CZ), the richest man in China and the money-playing man who returned to Zhao.

Or times make heroes. No matter how famous they are, they have promoted the development of the crypto world to a certain extent and are the trendsetters of the times.

Justin Sun and TRON

There is no hot spot that Sun Ge cannot catch among the marketing geniuses in the currency circle. In 2015, on the recommendation of a friend, he became a student of Jack Ma and became the only post-90s student in the first batch of Hupan University. In 2019, he bought Buffett’s lunch for a sky-high price of 30 million yuan and spent more than a month on it. , preheated, announced and finally canceled the lunch, let go of Buffett three times in a row, and continued to hype through Wang Sicong's anger.

In 2014, he returned to China as the chief representative of Ripple Greater China and founded TRON. Technically speaking, TRON completely copied Ethereum, but due to its hype methods, it also made the TRON chain famous in the blockchain network. It has achieved a certain position, and the most commendable thing is to cooperate with Tether to issue USDT on Tron. This move has made most people often use the Tron chain to transfer assets (TRC20) of USDT’s crypto-stable currency, which is fast and cheap.

Compared with the Ethereum chain, the TRON chain uses a consensus algorithm based on DPOS, which is a proof-of-stake verification mechanism. It relies on voting to select 27 validators to verify blockchain transactions instead of using proof of work. This mechanism can avoid The blockchain is restarted multiple times during the upgrade process to improve the efficiency of blockchain consensus.

In order to facilitate developers to transplant existing DAPPs, the virtual machine TVM implemented by the TRON public chain is fully compatible with the Ethereum virtual machine. This not only reduces the learning costs of developers, greatly improves the operating efficiency of DAPPs, but also significantly reduces operating costs. After the TRON public chain virtual machine was launched, the number of DAPPs on the chain has increased significantly.

CZ and Binance

Changpeng Zhao (CZ) founded Binance in 2017 and became the world's largest cryptocurrency exchange in less than a year; in April 2019, BNB Smart Chain (now renamed BNBChain) was launched; in December 2021, Changpeng Zhao With a net worth of US$90 billion (approximately 573.3 billion yuan), he surpassed Zhong Suisui, chairman of Nongfu Spring, who was originally number one on the list, to become the richest man in China, and ranked among the top 10 richest people in the world.

Binance Smart Chain achieves block times of approximately 3 seconds through the Proof-of-Possession consensus algorithm. It uses something called Proof of Stake Authority (or PoSA), where participants stake BNB to become validators. If they propose a valid block, they will collect transaction fees from the included transactions.

Since BNBChain is EVM compatible, it supports Ethereum tools and DApps. This theoretically allows developers to easily port their projects from Ethereum, but charges users far less gas than Ethereum. And they can easily configure applications like MetaMask to work with BNBChain.

Binance Smart Chain has a series of advantages that attract users, including extremely fast operation, low transaction fees, decentralized application creation, and a network with millions of users.

CZ has always been committed to "compliance": he said, "Valuations without liquidity are illusory, and liquidity is king." It's like going on a long mountain hike, with ups and downs, three steps forward and two steps back. Although he was obviously the one in the middle, CZ seemed to be able to view the climax and silence of this feast more calmly.

Summarize

Blockchain is very vague, but blockchain is also very specific - so specific that if they raise their arms and shout, the market will shake. Everyone is like a grain of dust, and countless "Sun Yuchen" and "CZ" individual experiences are gathered into In the vast starry sky, in this individual and industry competition, Justin Sun's "personal heroism" is very strong. TRON seems to be his personal show. Without technological innovation and perseverance, this is destined to be a short-lived show. trip. CZ is deliberately weakening his personal color and letting Binance be Binance. Although it is also a copy of Ethereum, it has the support of Binance, a cash cow, coupled with its sensitivity to trends and capable execution, Binance Chain's Development is unique among public chains.