Justin Sun Hints Privacy Coin on TRON: 2 Key Reasons It’s Bad For TRX

Tron CEO Justin Sun took to Twitter to garner name suggestions for an up and coming TRX-based privacy coin. No further details have been forthcoming and many in the crypto community remain wary of his latest announcement.Privacy coins on #TRON is on the way. What’s the best name for it? $TRX #TRX @Poloniex— Justin Sun (@justinsuntron) January 6, 2020Tron Developers Have Been WorkingJustin Sun, and his style of self-promotion, have often drawn criticism. Most notably, regarding the Warren Buffett charity lunch that never was. And also, the Liverpool FC-Tron partnership that didn’t exist.All the same, while some accuse him of excessive hype, others say his marketing ability is second to none. Either way, there’s no denying that Sun is still an influential figure in the world of cryptocurrency.And just before Christmas, Sun was active on Twitter, updating the community on a raft of privacy features in development on the Tron network.These include the use of zk-SNARKS and shielded transactions to hide transaction data. As well as multi-party computation (MPC) to secure the system. All of which were pioneered by ZCash developers.(2/5) The shielded transaction uses zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) to implement a completely shielded transaction.
Zero-knowledge proofs rely on a set of public parameters👇
— Justin Sun (@justinsuntron) December 17, 2019The Tron CEO later went on to say that these features will not integrate with existing tokens. Meaning, only new tokens launched on the Tron network will be able to make use of these features.“Existing tokens such as $TRX, $BTT and $WIN will not be able to incorporate this feature, and their transaction ledgers will continue to be public.”

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