As per the recent Medium post, Lucien Chen quit as the Co-founder and CTO of Tron Foundation over fundamental concerns with TRON direction and an “irreconcilable contradiction” between him and TRON Foundation CEO Justin Sun
Chen attacked TRON’s delegated proof of stake (DPoS) consensus algorithm, which he accepts TRON [TRX] is overly-centralized. According to Chen, the 27 Super Representatives totally dictate the direction of the project, and, adding to it, many them are owned by TRON.
Chen, the technical brains of Tron [TRX], shared a three-point clarification of why the earlier TRON vision by Justin Sun no longer exists.
“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 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.”
“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.”
Chen further accuses Justin Sun for over-centralization and says “No diverse voices in TRON ecosystem. The whole project has developed into a monetary tool without any “decentralize the web” spirit.”
As per his blog post, Chen has mentioned about launching his own blockchain project called Volume Network, which he has called as the “New TRON.” The new venture will use a proof of space consensus mechanism, which he accepts is undeniably more decentralized than DPoS and more energy efficient than proof-of-work mining.
“I know that leaving TRON and rebuilding a new TRON is not for money as Justin did, but for returning to the origin of the blockchain project so that the decentralized community can participate in it deeply,” explains Chen. “Volume Network will reject all investment institutions and adopt such a low valuation. I hope this is a real community project. We take a total value of $1 million and a circulation market value of $30,000 to pilot the community, to feedback users, so that more users and developers can come to a consensus and participate in this project.”
Tron Foundation took it to Reddit to clarify that former employees Chen and two others – J. Zhu and X. Xie, did not resign but were rather fired on January, 2019.
Tron Foundation included that the three guilty parties violated the company’s corporate policies and laws of the organization, hence, the issue has been taken up legally by sharing all the important documents and materials with the judiciary.
Report also added, Chen joined TRON as a technical leader and not as a co-founder.