Crypto billionaire Justin Sun has responded to Ethereum co-founder Vitalik Buterin's paper on scaling Ethereum Layer-1 and Layer-2. Sun proposes focusing on the value of ETH instead of Buterin's suggestion to prioritize ETC economics. Earlier this week, Sun outlined his five-point plan to boost ETH price to $10,000, including halting ETH Foundation sales, implementing heavy taxes on Layer-2 projects, and reducing Ethereum Foundation staff.
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Two days ago, the Tron founder showed the public his plan on how to push Ethereum price to $10,000 per singe coin. He proposed five “decisive actions” – a “first week plan” which would ensue that ETH hits $4,500 after the first seven days of his leadership. The second important step that Sun believes needs to be taken in imposing heavy taxes on all layer-2 projects in order to ensure that Ethereum could generate at least $5 billion in taxes per year . Using all the proceeds, the Ethereum team would start buying back ETH coins from the market and then burn them mercilessly in a decentralized manner.
ETHEREUM LAYER-2 CRYPTOCURRENCY JUSTIN SUN TRON
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