Tron wants to rescue Ethereum developers from "collapse" — but they're not interested in moving over to the platform

The Block • December 16, 2018, 5:43PM EST
UPDATED: December 16, 2018, 5:50PM EST
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Justin Sun, founder of Tron, is trying to incentivize Ethereum and EOS developers to migrate their dApps onto the Tron protocol, according to DecryptMedia. On December 6, Sun announced that he is creating a new fund to "to rescue ETH and EOS developers from the collapse of their platform." According to Cong Li, head of Tron developer community division, the goal of the new fund is to invest in 100 new dApps on Tron. 

While Tron has been making it easier for Ethereum developers to migrate their code on its platform — it added support for the Ethereum Virtual Machine in October —  developers appear to be uninterested. Li told DecryptMedia that only 10 of the 50 dApps Tron has reached out to have migrated to its platform. Nearly half of these dApps said they were not considering the move to Tron in the near term. 

AUTHOR

Steven Zheng profile picture Steven Zheng

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

See More

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Steven Zheng