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Justin Sun, founder of cryptocurrency Tron (TRX), has been elected Prime Minister of Liberland, a small country located between Croatia and Serbia. Liberland’s Congress includes other notable figures from business, journalism and technology sectors. The nation, which believes heavily in blockchain and cryptocurrency technologies, conducted its elections entirely algorithmically. Liberland is part of a rising trend of ‘network states,’ decentralized nations that operate globally using blockchain. However, critics question the viability of these ‘crypto microstates’, particularly in potential conflict with larger nations.

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Guess what? Justin Sun, the guy who founded Tron (TRX), has been elected Prime Minister of a tiny place called Liberland. Yep, that’s right. This small country is located between Croatia and Serbia and its election on 5th October has placed Sun as its Prime Minister!

Also joining Liberland’s Congress are Evan Luthra, a business guy, Jillian Godsi who’s into journalism, Ivan Pernar, a former Croatian politician, and Dorian Stern Vukotić, who’s an IT pro.

Here’s what Liberland had to say when announcing the election results: “Our election process was completely algorithmic, which made things super transparent. We think this can eliminate doubts about election outcomes, which is a major issue in countries who still use the old ways to do things. We hope to be a trendsetter for what will soon be normal.”

People are really into crypto and blockchain these days, and it seems even countries are jumping on board! Liberland is all about using these technologies to improve stuff like voting.

The term ‘network state’ is becoming really popular, and it refers to a decentralized nation that’s spread out all over the world but uses blockchain and private land to act as a legit country. In 2014, Bitnation was the first to declare themselves a ‘crypto microstate’. This inspired others to think about becoming independent too.

There are big ideas out there like making permanent homes in international waters (fancy!), but so far, no one has actually done it. The folks in power aren’t too happy about these new ‘countries’ springing up, viewing them as a threat. Critics are saying blockchain isn’t going to be enough to keep these little countries going, especially when there might be showdowns with bigger countries.

Check out this related article: “Breaking into Liberland: Dodging guards with inner-tubes, decoys and diplomats”. That’s a hoot!

Source: Cointelegraph