TRON Founder Justin Sun to Donate to Greta Thunberg’s Initiative
On the 17th of December 2019, Justin Sun took to his Twitter account and admitted sharing Greta Thunberg’s passion for changing the world. He also noted that crypto would immensely contribute to reducing carbon footprint by implementing the decentralized settlement. Justin Sun also pledged to donate $1 million to Greta Thunberg’s initiative.
The TRON (TRX) founder, Justin Sun donation is towards letting the world know about the climate crisis. He expressed his commitment after the COP25 UN Climate Conference in Madrid.
Justin Sun Explains How Crypto Reduces Climate Crisis
Sun pointed out that computers on cloud computing systems run decentralized settlements and decentralized finance platforms. In this case, ledger documentation on paper is never needed. Besides, cloud computing systems are digitally based, so they are not dependent on physical transportation infrastructure.
The travel sector is responsible for 8% of worldwide carbon emissions. People can travel less with cloud computing systems, reducing the travel sector’s burden on the environment.
Additionally, Sun says that using a Points of Sales (PoS) system may limit energy consumption observed in traditional proof-of-work (PoW) mining approaches used by Bitcoin. A recent study revealed that Bitcoin mining emits more than twenty-two megatons of carbon dioxide yearly, compared to aggregate emissions of cities like Las Vegas and Vienna.
Sun noted that the availability of decentralized financial systems worldwide is beneficial, unlike traditional finance systems, which is limited, expensive, and not cost-effective. TRON founder believes that blockchain can eliminate wastage.