Justin Sun elected as Prime Minister of Liberland micronation

Tron (CRYPTO:TRX) founder Justin Sun has been elected as the Prime Minister of Liberland, a self-declared sovereign micronation located between Croatia and Serbia. 

The election, held on October 5, saw Sun and other notable figures, including entrepreneur Evan Luthra and former Croatian politician Ivan Pernar, elected to the nation’s Congress. 

Liberland was established in 2015 by Czech libertarian politician Vít Jedlička and has adopted blockchain technology to streamline its governance. 

The micronation announced that the election process was fully algorithmic, aiming to ensure transparency and avoid the doubts that often accompany traditional voting systems. 

Representatives from Liberland stated their ambition to set an example for how digital governance could evolve in the future. 

Liberland’s vision reflects a growing trend among cryptocurrency enthusiasts who seek to leverage blockchain to create decentralized network states and reimagine traditional government structures. 

The concept of a "network state," introduced by entrepreneur Balaji Srinivasan, envisions nations that are geographically dispersed, using blockchain technology and privately owned land to assert sovereignty. 

Despite the enthusiasm for such projects, critics remain skeptical. 

They argue that blockchain alone may not be enough to ensure the long-term viability of these micronations, which face challenges such as establishing and protecting borders from larger, established countries. 

The idea of creating new, blockchain-based states, including ocean-based installations known as "seasteads," is still in its early stages, with no permanent examples currently built. 

Sun's election as Prime Minister of Liberland marks a significant step in these efforts, bringing attention to the broader movement of combining cryptocurrency and governance.