RATE Group | Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation
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Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

31 Dec Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

Posted at 06:18h in Cryptocurrency News by

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On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis. 

Following the COP25 UN Climate Conference in Madrid, Sun tweeted:

Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements.

Regarding this, Sun told Cointelegraph that decentralized settlements and decentralized finance platforms are run by computers on cloud computing systems. In turn, this eliminates the need for paper documentation.

“Decentralized settlement and decentralized finance are completely run by computers on cloud computing systems, thus eliminating the need for ledger documentation and management records kept on paper.”

Additionally, cloud computing systems do not rely on physical transportation infrastructure, as everything…

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