🛎 In a recent statement, Sun (the founder of the TRON network) questioned the transparency and decentralization of cbBTC, highlighting concerns over the lack of proof of reserves and auditability.

Sun argued that Coinbase’s cbBTC poses significant centralization risks, as it lacks proof of reserves and auditability, while also having the power to freeze balances at any time. He noted that this setup is essentially based on a “trust me” approach and suggested that a subpoena by the US government could result in the confiscation of all Bitcoin associated with it.

Sun described cbBTC as “central bank Bitcoin” and criticized it for contradicting the core principles of Bitcoin. He expressed that the combination of central banks and Bitcoin is fundamentally flawed, noting that it is a scenario that Satoshi Nakamoto would never have envisioned when he created Bitcoin. Sun’s comments come amid ongoing controversy over his alleged role in running Wrapped Bitcoin (WBTC).

#TRON✅ #TRONAchievement #TRON6Years #TRONscription #TRONNetwork's

APENFT announced the launch of the TRONscription Market and the start of Phase I of nfts inscription minting.

An independent section of the APENFT Marketplace dedicated to inscriptions on the TRON network, integrating deployment, minting, and trading functions.

#APENFT #HotTrends #Tron #TRONscription #nft