Justin Sun, the controversial founder of TRON, recently sparked a heated debate in the crypto community with his vision for Ethereum. In a tweet, Sun outlined how he would propel Ethereum’s price to $10,000 if he were in charge of the Ethereum Foundation (EF) and the Ethereum ecosystem. His proposals aim to reshape Ethereum’s economic model, governance structure, and scalability strategy. These ideas come at a critical time, as the Ethereum Foundation faces scrutiny after selling 4,666 ETH—roughly $13 million—to fund its operational costs. On the other side, an ambitious project PlutoChain ($PLUTO) might enhance Bitcoin’s functionality by introducing smart contract capabilities to its secure network. This could transform Bitcoin from a simple store of value into a highly versatile platform. An Ambitious Four-Point Plan for Ethereum in the First Week These proposals emerge as the Ethereum Foundation faces scrutiny after selling 4,666 ETH — approximately $13 million — to cover operational costs. Sun emphasized four key initiatives for the first week, focusing on: Halting ETH sales and optimizing revenue Imposing strict taxation on Layer-2 solutions Streamlining the Ethereum Foundation’s operations Adjusting rewards and increasing fee burns The plan begins with an immediate stop to ETH sales by the Ethereum Foundation for at least three years, aiming to preserve supply, align the system with deflationary goals, and boost market trust. During the sales freeze, Sun proposes leveraging DeFi protocols like AAVE for loans, maximizing staking yields, and utilizing stablecoin loans to cover operational costs. A controversial element of the plan involves imposing substantial taxes on all Layer-2 projects built on Ethereum, with the goal of generating at least $5 billion in annual tax revenue. These tax revenues, collected in stablecoins or tokens, would be used to buy back ETH and completely decentralize its burning process. Sun also called for a drastic reduction in the Ethereum Foundation’s staff, retaining only the most capable team members. He envisions transforming the EF into what he describes as “a purely performance-based system that rewards results and efficiency.” Finally, he emphasized the need to focus more on fee-burning mechanisms while reducing node rewards. This would reinforce Ethereum’s deflationary nature and solidify its role as a reliable store of value. Sun predicts that with these decisive measures, ETH could surpass $4,500 within the first week of implementation and eventually reach $10,000. Implications of the Proposal The most controversial suggestion—taxing Layer-2 solutions—might stifle innovation and drive developers toward competing platforms. Moreover, restructuring the Ethereum Foundation by reducing its workforce could centralize decision-making power, which raises concerns about governance. Reducing node rewards could discourage validators from supporting the network, especially at a time when decentralization remains critical. Even though it is unlikely that Sun will take the reins of Ethereum, his bold proposals shed light on three central issues: A deflationary token economy to position ETH as a store of value Balancing efficiency and decentralization by streamlining the Ethereum Foundation’s operations Prioritizing Layer-1 scalability over Layer-2 solutions While Sun’s ideas may not align with Ethereum’s current direction or priorities, they raise important questions about scalability, governance, and value creation in an increasingly competitive crypto landscape. How PlutoChain ($PLUTO) Could Make Bitcoin Faster and Smarter Bitcoin’s slow transactions, high fees, and network congestion often limit its ability to meet modern blockchain needs. These issues come from its original design, which processes only a small number of transactions per second. PlutoChain ($PLUTO) might offer a solution. This hybrid Layer-2 project could improve speed, lower costs, and expand Bitcoin’s capabilities without altering its core principles. It could act as a bridge between Bitcoin’s secure blockchain and the growing demand for faster, more flexible applications. One of Bitcoin’s main limitations is its 10-minute block time, which slows transaction processing significantly. PlutoChain addresses this by providing block times of just 2 seconds on its blockchain, which matches the speeds of Ethereum and Solana. By adding smart contracts, PlutoChain could open new possibilities for decentralized finance (DeFi), NFTs, and AI-powered applications. Its EVM compatibility could also make it easier for developers to adapt Ethereum-based projects for the Bitcoin ecosystem. On its testnet, PlutoChain reportedly handled 43,200 transactions daily without delays, suggesting it could be ready for real-world use. Security remains a priority, with audits from SolidProof , QuillAudits , and Assure DeFi , as well as regular stress tests and reviews, adding an extra layer of trust. The project’s governance model might allow users to influence its direction by proposing and voting on key decisions. With its focus on improving speed, scalability, and usability, PlutoChain might transform Bitcoin into a more versatile blockchain, supporting applications far beyond simple transactions. Final Thoughts Justin Sun’s bold plan for Ethereum definitely stirs the pot, offering plenty to think about when it comes to reshaping Ethereum’s governance and scalability. Ideas like halting ETH sales and imposing taxes on Layer-2 solutions are controversial, no doubt. While it’s unlikely these proposals will see the light of day anytime soon, they do raise some valid questions about Ethereum’s future. Can it stay competitive in an increasingly crowded crypto space? Only time will tell. PlutoChain ($PLUTO) , on the other hand, could bring a fresh approach to Bitcoin’s limitations. Tackling slow transactions, high fees, and scalability bottlenecks isn’t exactly a small task, but PlutoChain’s 2-second block times and smart contract functionality could open the door to new possibilities. ————— Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
