Reports Say Eric Zhang Had Resigned From TrueChain Foundation’s Board
According to reports, former TureChain board member Eric Zhang has resigned from TrueChain foundation. Some sources say that Eric has quit TrueChain Foundation many months ago. Now TrueChain Foundation is managed by co-founders James Cheng, Larry Lin, CTO Liu Yang, and other active board members.
Eric has been known to be the tech founder of TrueChain’s consensus technology - hybrid consensus. Eric is also founder of a well-known hackathon community DoraHacks. It is not sure whether Eric’s withdraw from TrueChain is related to his focus on DoraHacks.
TrueChain has adopted a governance model that gives foundation power to make critical decisions. The TrueChain foundation is said to have a committee of 5 or 7 board members to make these decisions. So far, TrueChain’s operation seems to be healthy and its recent market performance is good.
What is TrueChain?
From its website, TrueChain is the world's first public chain that implemented hybrid consensus and has a strong global open source developer community supporting it.
TrueChain provides the underlying public blockchain infrastructure with high performance and security for decentralized applications and financial transactions.
First public chain to implement fruit chain, upgrading traditional PoW to fPoW + prevents Selfish Mining Attacks (25% Attack).
TrueChain replaced the ETHash with TrueHash, the world’s first fundamentally ASIC-resistant algorithm which changes every 3 months.
A Streamlined Blockchain
With its permissionless PBFT-fPoW hybrid consensus with secure sharding, the conflict between efficiency and decentralization for permissionless blockchains is solved by TrueChain.
A Hybrid Consensus Incentive Model
TrueChain is the first in the world to design an incentive model for the governance of the hybrid consensus which will increase economic awareness in relation to blockchain technology and compensation.
Strong Global Developer Community
Among the new generation of permissionless blockchains, TrueChain has a developer community that is the largest in China and the fastest growing in the world.
Solved Impossible Triangle
TrueChain is the first working third generation public chain to solve the most important problem in the public chain space, the "Impossible Triangle".