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Cryptocurrency News Articles
With native multi-signature support, why does Justin Sun strongly recommend depositing large amounts of USDT on the Tron blockchain?
Feb 24, 2025 at 05:52 pm
Justin Sun strongly recommends depositing large USDT on Tron blockchain because its USDT is guaranteed, native multi-signature support, transparent transactions, convenient operation, and more secure and reliable asset storage.
In the world of cryptocurrencies, secure storage of assets has always been the top priority. On February 24, Justin Sun, a global consultant of HTX and founder of Tron TRON, published a statement suggesting the use of cold multi-signature method to store large USDT on the Tron blockchain, which has attracted widespread attention.
The USDT on the Tron blockchain is like the USDT on Ethereum, which is completely recognized by Tether at a 1:1 ratio, which ensures the value stability and security of the assets from the source. At present, Tron has issued 62 billion USDTs on the network, and its huge circulation also indirectly reflects its important position in the market.
Compared to Ethereum, Tron has significant key advantages in management and security. Among them, native multi-signature support is a highlight. Tron provides native multi-signature capabilities at the blockchain level, while Ethereum relies on smart contracts such as Gnosis Safe.
On Tron, multi-signature security is closely linked to the security of the entire blockchain. As long as the blockchain remains secure, the multi-signature setup is safe and sound. This close relevance allows users to avoid worrying too much about the security of signature settings.
In contrast, Ethereum's multi-signature solution relies on smart contracts, and smart contracts have the risk of vulnerability. Just like the vulnerabilities that have appeared in the implementation of Safe multi-signatures, pose a potential threat to user assets, which undoubtedly increases the risk of users storing assets.
In addition to native multi-signature support, Tron also excels in transaction transparency and security. Multi-signature transactions on Tron are completely transparent on Ledger, effectively avoiding the risk of blind signing on Ethereum.
In Ethereum's trading model, signers may approve malicious transactions without their knowledge, posing a serious threat to the security of user assets. Tron's transparent trading model makes every transaction clearly visible.
Tron’s transparent transactions significantly reduce the risk of wallet ownership being leaked. Users can clearly see the details of each transaction and clearly see where their assets are going, thereby better protecting their assets' security.
From a practical perspective, Tron's native multi-signature support also provides convenience to users. Users no longer need to spend a lot of time and effort on researching complex smart contracts, they just need to follow the native multi-signature function provided by the Tron blockchain.
This simple and direct operation method lowers the threshold for users and allows more ordinary users to easily use multi-signature technology to ensure the security of their assets.
In terms of the security and convenience of asset storage, Tron blockchain provides users with more reliable choices with its advantages such as native multi-signature support. This is also an important reason why Justin Sun strongly recommends depositing large USDTs on the Tron blockchain.
For those users who hold large USDTs, choosing Tron blockchain for storage is not only a priority for asset security, but also a wise move to adapt to the development trend of the cryptocurrency market. In the future cryptocurrency field, Tron Blockchain is expected to rely on these advantages to attract more users and further consolidate its position in the market.
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Other articles published on Feb 24, 2025
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- With native multi-signature support, why does Justin Sun strongly recommend depositing large amounts of USDT on the Tron blockchain?
- Feb 24, 2025 at 05:52 pm
- Justin Sun strongly recommends depositing large USDT on Tron blockchain because its USDT is guaranteed, native multi-signature support, transparent transactions, convenient operation, and more secure and reliable asset storage.
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- Justin Sun recommends storing large amounts of USDT on the Tron blockchain. What are the advantages of cold multi-signature?
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