Tron’s Justin Sun Proposes Radical Moves to Propel Ethereum to $10K

The Ethereum network has become the center of heated discussions after Tron founder Justin Sun suggested major overhauls.

His plan involves changes in Ethereum Foundation (EF) operations, tokenomics, and network priorities to push ETH toward a $10,000 valuation.

These proposals include cutting EF expenses, implementing Layer-2 (L2) taxes, and prioritizing Layer-1 (L1) development.

Justin Sun Pushes For Ethereum Growth and Sustainability

Justin Sun questioned the Ethereum Foundation’s move to sell 4,666 ETH and raised worries about how they’re managing money.

For three years, he suggested stopping the sale of ETH and running EF programs using DeFi financial methods.

The Ethereum Foundation will keep its finances healthy by using a combination of AAVE loans, profits from staking, and loans in stablecoins while protecting its precious non-liquidated assets.

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Some people say ETH sales decrease its worth and go against plans for making Ethereum work well over time.

Sun’s method protects ETH investors while helping Ethereum meet its goal of reducing total supply.

He recommended that the EF put its ETH in staking deposits, earning interest that would both fund expansion and show the network’s reliability.

Sun recommended a big staff cut at the Ethereum Foundation, planning to keep only the most talented employees.

LinkedIn shows that the EF runs with a staff of between 201 and 500 people.

He made the case that having fewer people on the team would get things done better and pay the best ones more.

The new plan wants to use EF resources on three main goals: making the network more growth-friendly, safer, and easier for more users to adopt. Sun wants to cut down on costs that don’t help the business run more smoothly, so the organization can redirect its budget to making the network better.

In the Ethereum community, people are split – some like these changes because they think they’ll make things better, but others worry they’ll lose experts and all the lessons they’ve learned.

Sun’s most daring proposal asks for taxes on all Layer-2 services added to Ethereum. The EF could bring in $5 billion every year by taxing Layer-2 Ethereum solutions, according to Sun.

We would use this money to buy back and permanently eliminate ETH from circulation. The crypto mogul recommended cutting rewards paid to Ethereum nodes, increasing ETH scarcity and turning it into a more reliable investment asset.

Tron‘s leader wants ETH to become rarer by burning tokens, which should lead to higher prices as demand goes up.

People are concerned that charging fees to L2s can stop companies from coming up with new ideas and prevent them from creating their businesses on Ethereum.

But, people in favor think it will help make a lasting plan that keeps things growing and strong.

Is Building L1 the Best Way to Ensure A Bright Future For Ethereum?

Sun wants the EF to focus all its work on making Ethereum’s base layer better. Work will go into three areas: making Ethereum grow easily, making it safer, and spreading it around the world.

Sun thinks that the network will deliver top-notch efficiency and stability by not making non-essential tasks its main focus.

Ethereum’s Layer-1 has struggled to deal with its high load, causing expensive transaction costs and long waits for users.

Justin Sun’s solution tackles these problems to help Ethereum stay ahead of new blockchain competitors.

Some people doubt that moving Ethereum in this direction will push current Layer-2 users away from the project.

Sun keeps saying that building L1 better is the best way to make sure Ethereum wins in the long run.