Tron Independence Day Explained: What's at Stake for a $3 Billion Crypto

One year and nearly $3 billion later, the Tron blockchain is set to finally put its much-debated technology to the test.

At least, that's what should happen Monday, when Tron completes the token swap it began last week, migrating the last of its users' funds from ethereum to a new proprietary blockchain.

Despite the gravity of these claims, Tron has done little to dispel concerns.

As with the recent EOS blockchain launch, which saw the $4 billion blockchain go live in an elaborate global process that dragged on for days, Tron will need to navigate similar complexities ahead. On Tuesday, Tron is expected to follow its token swap with a "Super representative election," in which token holders will select the block producer delegates that will approve transactions, after which the technology will finally be live.

Launching may be only part of the battle ahead for Tron.

Sun dismissed the allegations of code plagiarism and said the Tron team takes "Security issues very seriously," citing as proof the millions of dollars it offers for bug bounties.

When asked if Tron was no longer using ethereumJ, Sun wavered and eventually said he was unsure and referred CoinDesk to the Tron development team.

"We referenced ethereum's code in our P2P network while keeping all licenses. We have made many changes, optimizing functions like node discovery and node blocking. We've also made some improvements that are more suitable to the Tron DPoS use case...adding functions like on the P2P network to prevent unexpected disconnections; adding trusted nodes and active nodes."

Dean Zaremba, whose IT networking company Free Space is a Tron super representative candidate, echoed Nuzzi's contention, though for different reasons.

If the Tron blockchain is merely the first step in Sun's vision of a decentralized internet, he seemed to hint at what that could mean, describing a strategy in which Tron's tech is even ported to other blockchains and beyond.