Tron claims it has much faster transaction times than Ethereum because it uses a different mechanism for verifying transactions: Its 27 super representatives produce the blocks that are in turn voted for by the cryptocurrency account holders. Ethereum, meanwhile, currently verifies transactions using computers called miners, although it’s moving to a similar proof-of-stake system.
"Converting to PoS is a huge effort," Sun said. "It’s like moving a building a block away. It might be easier to tear down the building and rebuild it. It doesn’t work that way. For Ethereum, it may cost them a year or two to migrate, and that seems optimistic.”
Sun’s official biography lists him as a protege of Alibaba Group Holding Ltd. Chairman Jack Ma, and some analysts see similarities between the two men. Sun, who operates now mostly from San Francisco, is a recent graduate of Ma’s Hupan University program for entrepreneurs.
"One point that comes to mind is role models," Lex Sokolin, global director of fintech strategy at Autonomous Research LLP, said in an email. "The aspiration for someone like Sun is less Steve Jobs or Elon Musk, and more of Jack Ma. The former is a myth of a Promethean genius, summoning a tech product into the world. The latter is a humble, persistent, and unstoppable action hero, executing faster and better than everyone else.”
But keep in mind that Bryant is being paid in cash rather than Tron for his appearance, unlike many of the celebrity endorsers during the heart of the Bitcoin bubble.
This article provided by Bloomberg News.