Hello Justin! Welcome back to my channel, it is very happy for you to come Because Tron is really a common coin in Turkey. Even butchers and market workers have a tron investment and I receive hundreds of questions per month about this. So excited for me to do this interview too. To be completely honest before I start, I know a lot about tron, but I don't know how it got into crypto. Can you tell us a little bit about how it got into this ecosystem? Of course it's not a problem Pleased to meet you and everyone who came to this post I am also happy to talk to our Turkish community As you know, Tron is already used frequently there, but last year we established a live broadcast platform called DLive and it is open to use in Turkey.
We work with many KOLs, Key Opinion Leaders and they are in Turkey I also invite you to review DLive, it is one of the most common streaming platforms in Turkey. As for me, I got into crypto around 2012 I was studying at the University of Pennsylvania at that time I learned about Bitcoin after reading the New York Times I was very interested in Bitcoin because of the concept of the internet's money. Before we used to see money every day Printed cash But we've never seen the money of the Internet Internet money is different than electronic banking and from the online banking we use every day For example the account book. Nobody can change it since everyone has a copy I guess I first understood these concepts and got into crypto at that time.
So, at the end of 2012 and the beginning of 2013, I started following a new crypto unit called Ripple. I joined Ripple in 2013 I have also started Ripple's Chinese leg This was my first crypto times It's been 8 years and the crypto space has evolved a lot since then and the most important development of my life in these 8 years was to create Tron. I set up the Tron system like 2017 It was a golden age for cryptocurrencies then. Since then I think Tron has had great success in this industry. We are in the year 2020, this year we will enter the Bull period again next year, are you ready 🙂 Yes, yes, we will definitely talk about the market and your thoughts in the interview.
I didn't know that Ripple was in the past, it is very successful and it still ranks 3rd today. Tron is also very successful. I always cite as an example for the marketing of good technology Because some projects have very good technology but poor marketing. It takes a combination of the two to succeed Tron has also been really successful. All coins fell after the 2018 crisis, but it was not possible to prevent it. I could not follow the updates about Tron very much. I read your report, there were a lot of references to science fiction such as Star Wars and Star Trek, I guess you are a fiction fan too. Are you really a fan or is that the theme Cool! Yes, even the name Tron reminds people of this type of Sci-Fi (Science Fiction) traits.
Out of curiosity, what is your favorite Sci-Fi universe? Are you a Star Trek fan or a Star Wars person? I'm definitely a Star Trek fan Nowadays I was interested in Sci-Fi Punk movies etc. Because it has interesting stories and it interests me Blockchain itself is part of the future Same with interesting futures like Matrix and Star Trek so Crypto and Blockchain are definitely part of it too. It's something I've always said to my friends, Matrix and Star Trek are great universes but what's missing is that they don't think about the future monetary system. The money systems in these universes are like the coins we use now There are Fiat systems or something so there is no crypto money concept.
No encrypted money system such as operating systems and private / public keys So if a new Sci-Fi movie is shot, I will suggest the director to make the blockchain the money of the future 🙂 This is a really good observation These concepts are so new and cool that the screenwriters would never think about it and Fiat probably wrote it. Yep, some don't even know about it Cars that fly that much think of spaceships, but they can't think of a novel-type money system. Distributed, accessible from anywhere, no transaction fees, instant transactions and fast transactions, etc.
and a completely neutral system so no one can control So I think the blockchain should be added to new Sci-Fi works. Yeah yeah that's absolutely true Speaking of Sci-Fi and the future of money, what is happening on the Tron front? What are you working on? Like new technology or collaboration? Something you want to share with us? Of course. First of all, I think the biggest development for Tron is Tron 4.0 this year.
We launched Tron 4.0 on July 7 Tron 4.0 offers many new features I think the most important feature is the privacy feature After that, every developer on Tron can open privacy settings on the blockchain. A feature that can be turned off to regulators in case of meeting Can be used bidirectionally You can use the privacy feature on or off. The ability to use a token or a protocol with a privacy setting in a smart contract is a first in blockchain history. We know privacy features from Monero and Zcash However, these systems are only related to transactions, so there is no new token or smart contract creation, whereas the Tron smart contract platform So this is one of the biggest innovations I think The second important development is Tron launched on-chain solutions to the market.
So in the future, different developers can create their own blockchains on Tron. Like the Tron blockchain hub. Different blockchains can communicate with each other They communicate through the Tron protocol For this reason, I think Tron will be a bridge between blockchains in the future. Today there are independent blockchains but they cannot communicate with each other. I think in the future, between open chains, between partnership chains such as IBM blockchain and Oracle blockchain. and Tron will be used to provide communication between the open chain and the common chain. This is something I find quite innovative.
Tron is already in the whole industry It is the first to provide these features. Another important point to mention is DeFi, we will talk in more detail. We focused on 24/7 DeFi and worked hard for Tron's DeFi ecosystem Of course we also know that the USDT on Tron has grown a lot, from 0 to 3.7 these days and it has surpassed the US Dollar. Yes, a dramatic increase We also launched the Just project, namely JST tokens.
Currently hugely popular in the crypto space I think that Just tokens will grow a lot in this area in the future. So, are all the features you mentioned have been released or are they still being developed? All in use. We prepared and uploaded everything after July 7 We shared it on KeyHub, you can check it if you want to review I think exchanges and wallets are currently trying to integrate new features of the tron blockchain. I think most wallets and individuals will adopt these features within this month, in August. So our users and Tron owners can use all these new features. It was good. Building a platform in the blockchain ecosystem is really hard work The futures you mentioned, etc. Lots of projects are trying to integrate them into their own technologies but it's nice to learn that you have posted this and it's available now I guess just token works on tron too A token attached to it yeah The other day I saw TRX (Tron) listed on BTSE, a very popular stock exchange in Turkey.
BTSE is supported by Blockstream, which is the company of Adam Back who was a guest on the channel before. I asked the same question to himself. She said no but I wonder your opinion Do you think Adam Satoshi? I'm not sure if Adam Satoshi himself is, but I absolutely trust Adam and what Blockstream is doing Works strictly in line with Satoshi's vision They are working to create the perfect monetary system for the future So I think Blockstream has done so well in the past They are working very carefully, not just innovations, because Bitcoin now has a volume of over $ 200 billion with its assets, so it's a very large ecosystem.
For this reason, they are very careful while innovating about bitcoin, which I think is very important for our field. because bitcoin is holding everything right now I think they do great work I also find it valuable for Satoshi to develop such systems and make them available to everyone. It has opened a new era for humanity. This is one of the reasons I need BitTorent (Protocol) To support technology developed for sending files and distributed to everyone in the future In fact, when Satoshi first introduced Bitcoins in 2010, he was told, why don't you work directly with BitTorent and they are working with a distributed system to send files. So if Bitcoin and BitTorent come together, they would be very powerful. That's why I find this idea very interesting too.
I think Satoshi thought it over for sure That's why I use BitTorent and even developed a token called BTT in the BitTorent ecosystem. because I think this was also an improvement in line with Satoshi's vision. It made so much sense indeed Because I remember at the beginning of 2018, it was the example I gave when people still said what Bitcoin is, in a single sentence. Money but like BitTorent. Same vision yeah so act smart I also want to talk about a smart move you've done recently I even suggested my followers to take a look at JST last week. After that, the price almost doubled in 10 days. Can you tell us a little bit about JST and what you have been doing lately? Sure, I think JST is a promising project As you know, DeFi is really popular in our field.
Everyone is making DeFi apps but the biggest problem is the scalability threat. Gas prices have skyrocketed now For me, yesterday I paid for my gasoline and it cost 0.2 eCRM. 40 US dollars so So expensive Worst of all, all transactions take years to process. I can't even trade on Union Swap I think this is the biggest advantage of the Tron network Tron is 200 times more scalable than Ethereum it is also 100 times cheaper than ethereum When I tell people who use ethereum they don't believe me but when they try USDT-Tron they will understand what I'm talking about Nowadays there are 2 versions of USDT as well USDT on Tron and USDT on eCRM There was a drastic increase on the Tron from 0 to 3.7 and we passed the US dollar.
I think the reason for this is obvious, people have noticed eCRM has scalability problems. They thought it would help if we switch to Tron because traders mostly do with arbitration. Time is very important, really, if you wait 1 hour for a price, it changes a lot. Yes I sent $ 2 from Ethereum yesterday but sending it cost $ 2 too, it's ridiculous. Yep, people make fun of cable transfer, you're waiting one day because Blockchain cables are even more expensive than regular cable systems We are talking among us to replace the swift system with cables, but some days our own cables are more expensive than the swift system. So I think Tron gave a really good chance If you are a DeFi developer, let me tell you that you should seriously consider transferring your Tron. Allows users to better understand the concept and have a better user experience Learn how DeFi works so they can do their operations with a good experience It is also worth remembering that Tron is fully compatible with Ethereum.
So it only takes 3 to 5 days to transfer Trones. So it will be very good So I think DeFi on Tron will be an important opportunity for TRX users and developers in the future. Of course, the first project we support right now is the Just network. They've already set up a decentralized collateral platform on Tron. You can easily add TRX to the Just network and get USDJ. It is a stable coin i.e. TRX is a collateral while USDJ is a stable coin. Just like MakerDAO on Ethereum. You can put Ether to get Dai Also remember, we will publish Just Swap on Tron platform on August 17th. Just like Union Swap but with 200% scalability You can expect a much better user experience Of course I'm open to Union Swap if he wants to make the Tron version At the end of August, just 4 weeks later, we will launch the Just Lending system.
Just Lend is also a decentralized borrowing platform You can easily borrow crypto money and stable coins and get interest. Other people can borrow the same It should not be forgotten that it is DeFi, so there is no central system that processes all transactions. It is a system that works 24/7 It does not require communication with any people, it is fully established with smart contracts. You can also review the product whenever you want. It was good. So is it possible to access the software of the Just network via GitHub for audit? Yeah yeah We already have control we even publish it Please also read it on the Just network to see all the information. The Just network is also available on Tronscan As you know, Tronscan is a place where you can access TRX information and token transactions. It is also one of the busiest websites in the Tron network. It is interesting this week, I will look at it for sure. Very interesting technology Speaking of Just and DeFi What do you think of new DeFi projects like yEarn and Makeroda? There was one more Swipe I guess but I'm not sure there are a lot of them and their prices are going up like crazy Do you think it's a serious technology or a fast bubble today? Of course, I think DeFi has a promising future.
The reason is very simple I think most systems will work like DeFi in the future 100% fully automatic also works 24/7 Everything works with computer processes, you don't have to trust anyone. It is only necessary to rely on the algorithm, mathematics and the operation of crypto systems. that is, encrypted mechanisms to work. You can borrow, get interest or even get a loan Everything progresses online, from the internet and without a third party. There is also no investment bank so no difficulties Today, if you want to get a loan or lend money, the process takes hours both online and in banks, and then the payment is a problem.
I think DeFi is very promising, like Bitcoin I think everyone will use it in the future, maybe not even Turkey's largest bank, everyone does everything 24/7 online. For example, they do not serve on weekends today, in the same way in the evenings. Think of a bank that always serves Transactions are carried out by the computer No need to be afraid of someone taking your money during transactions Because everything is transparent You can see all transactions and where the money is going from the blockchain ledger fully supervised Transaction history is everywhere Security is guaranteed It also guarantees transparency and efficiency That's why I think it is one of the biggest innovations in our field. But I would like to remind everyone of the risk If you join one of the DeFi projects, you need to check smart contracts. It's okay if you don't have a smart contract but there must be a reliable institution or person that approves and inspects that system. Good wallets like Binance and Poloniex, Tronscan and Etherscan also help people with this smart contract control.
For example, Poloniex said that if a DeFi project is done through them, they will check the smart contract to see if there is a problem. It is very important who controls the smart contract, who sets up the system and who controls the money. Therefore, I find it very important that the companies invested in are audited by a reliable third party. This is also something we do for the Just network. We have signed with two very reliable companies for smart contract auditing. They will also follow the transactions and daily movements in the Just network. We are also aware of this problem, I think this is the only big problem Yes, this is a risk, but when you play with new technologies, this risk is always present. It was perfect, thank you again for your time Bonus one more question, do you think we have entered the Bull era this year or will we stop soon.
Yes absulately right. I always say that to my circle, I think we are at the beginning of the Bull era right now. Crypto has risen a bit these days, but of course not as crazy as 2017 but some of my friends ask me "how can I get crypto now" or "is there any chance of it falling out?" People ask a lot about crypto, but I always say the same.We are at the beginning of the Bull era and everything will fly from the end of 2020 and in 2021. Bitcoin is around 11k, Tron is 2 cents, so it's not even the beginning of the Bull era. So now is a good time to enter the crypto space I think records will be broken in the next Bull era Ex. Bitcoin sees 20K, I think Tron sees 30 cents I think it will rise a lot in the future as we achieved very serious success in the Bear period for 3 years.
In the future Those who have had a little more difficulty in the last 3 years I want to say you last one year left Never sell cryptos at the end of the Bear era! I have too many friends who sold a lot of crypto on March 12 this year This could be considered the last big fall of crypto I want to say, be a little more patient 2020 and 2021 will be great for crypto. Yes, I feel that way too, it shows both the technical part and the microeconomics that way. And the central banks printing money like there is no tomorrow I think the Bull era is near As you mentioned, you have produced many new technologies and did good things in the last 3 years. I think we have the infrastructure to make this a phenomenon for the whole world and not for a particular group. Justin! It was great, nice to meet you Thanks for all the new updates and your time I'm so excited to do this again in the near future All right, thank you very much.
I greet the whole Turkish community from here. OK:).