Justin Sun, the founder of Tron, has endorsed the use of the blockchain’s native multi-signature (multi-sig) feature to securely store large amounts of USDT (Tether). He argues that Tron offers superior security and management features compared to Ethereum, positioning it as the optimal platform for institutional investors and high-net-worth individuals seeking to safeguard their USDT holdings.
In a recent post, Sun emphasized that USDT on the Tron network is fully recognized by Tether at a 1:1 ratio, much like USDT on Ethereum. However, he notes that Tron offers distinct advantages in terms of security and storage capabilities. With over 62 billion USDT currently held on the Tron network, Sun highlights the blockchain’s reliability for stablecoin transactions.
A key distinction is that Tron provides native multi-sig support at the blockchain level, whereas Ethereum relies on third-party smart contract solutions, such as Gnosis Safe, for multi-sig transactions. This built-in feature on Tron ensures that multi-sig transactions are protected as long as the network itself remains secure, without the added risks associated with smart contract vulnerabilities.
Sun also points to enhanced transaction transparency when using Ledger devices with Tron’s multi-sig feature. On the Tron blockchain, multi-sig transactions are clearly displayed, showing details like the token name, amount, sender, and recipient, thereby preventing the issue of “blind signing” seen with Ethereum. This transparency helps users avoid unknowingly authorizing malicious transactions. Furthermore, when changes are made to multi-sig permissions, they are flagged as “unknown type” actions on Ledger devices, providing an additional layer of security by helping users identify potential threats.
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