TRON Plagiarized its Whitepaper, Community Claims

TRX logo no border

Trouble for TRON

Voices in the cryptocurrency community are up in verbal arms against TRON, a project that wants to put multimedia and entertainment service on the blockchain.  The cryptocurrency is under fire for its whitepaper, which as multiple sources have pointed out, looks to plagiarize the whitepapers of two other crypto projects.

TRON Plays the Copycat Game

As recent developments have exposed, at least nine pages from the TRON’s English whitepaper appear to be plagiarized from the whitepapers of FileCoin and IPFS.  The severity of this plagiarism varies from likely copies of text to verbatim replication, according to a tweet by Protocol Labs founder Juan Benet, who co-authored the original source papers:

If we take a closer look at the examples presented, it certainly looks like there’s some foul play involved here.  Even if the text is not rewritten word for word (and in some places, it is), it is too often carelessly copied in some form or other from FileCoin and IPFS’s own whitepapers.  Moreover, the whitepaper copies key ideas without citations, including IPFS’s BitSwap concept.

To make things worse, the TRON team didn’t just nab ideas or verbal explanations of tech; they also stole code from their competitor’s papers.

TRON Copy  IFPS Copy

Perhaps this debacle could have been avoided with proper citation.  There’s no crime in using sources so long as you reference them, but the TRON team offers no citations for these reproductions in their whitepaper.  

After these revelations surfaced, TRON’s white paper was removed from the coin’s official website, both the English and the Chinese versions. Justin Sun also released a tweet in response to initial accusations, claiming that “translations missed many important details not just reference.”

Marred by Plagiarism, a Fall from Grace (and Price)

In a world as wild (and unregulated) as crypto, we may come to expect mishaps like plagiarism and scam projects.  But to see this happen to a cryptocurrency that has penetrated Coin Market Cap’s top 10 is unprecedented, if not a bit worrisome.

Coming into December, TRON was trading at less than a cent at $0.002, but by Christmas, it was priced at $0.04 a coin.  A sizeable increase, no doubt, but this pales in comparison to the $0.28 all time high it reached on January 5th–that’s a 13,900% increase in a month.

This staggering price pump placed TRON in the Coin Market Cap top 10 with an $18bln market cap.  Since news of plagiarism broke, though, it’s continued its retreat back out of the top ten, and at the time of writing, it rests at the #12 spot with a $7bln market cap.

And all the while, during this price bleed and accusations of plagiarism, Justin Sun continues his optimistic hype campaigns.

NEWSLETTER

Newsletter (Sidebar)

  • Hidden
  • This field is for validation purposes and should be left unchanged.

RELATED ARTICLES

stock to flow crypto

The Stock-to-Flow Model: What Cryptocurrency Investors Should Know

Getting started in cryptocurrency investing can be an intimidating step. Cryptocurrencies are infamously unpredictable, making it challenging…

Read More
grayscale bitcoin trust

Grayscale Bitcoin Trust (GBTC): Why GBTC Moves Markets

The Grayscale Bitcoin Trust (GBTC) owns about 3.1% of the global bitcoin supply– here's what you need...

Read More

NEXT ARTICLE

Getting Started Gold Bars.

NEXT ARTICLE

India’s First Crypto Unicorn: Interview with CoinDCX CEO Sumit Gupta

India, already home to 1.37 billion people (nearly 4x that of the United States), is one of the fastest-growing countries. India’s population demographic is much younger than that of China and the United States, and its middle class is anticipated to be the largest in the world (in terms of quantity of people) by 2025. …

ABOUT THE AUTHOR

Getting Started Gold Bars.

ABOUT THE AUTHOR

Colin is a freelance writer and crypto-enthusiast based in Nashville, TN. When he’s not speculating crypto futures, he’s probably letting his hair down and/or heading to a music festival–because stereotypes exist for a reason.