On December. xviii Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $one million to Swedish activist Neat Thunberg to raise global awareness of the climate crisis.

Post-obit the COP25 UN Climate Conference in Madrid, Sun tweeted:

Although Sun has pledged a donation of $one million to Greta Thunberg'due south entrada, it was left unclear every bit to how cryptocurrency would help reduce carbon footprints through the cosmos of decentralized settlements.

Regarding this, Dominicus told Cointelegraph that decentralized settlements and decentralized finance platforms are run past computers on deject computing systems. In turn, this eliminates the need for newspaper documentation.

"Decentralized settlement and decentralized finance are completely run by computers on cloud computing systems, thus eliminating the demand for ledger documentation and direction records kept on newspaper."

Additionally, cloud computing systems do not rely on concrete transportation infrastructure, as everything is digital. Systems like these could make it possible for people to travel less, easing the travel sector's brunt on the environment — it accounts for 8 percent of global carbon emissions.

"These types of records crave postal mailing which is done through transportation. The whole Know Your Customer process besides requires face-to-face interaction, which sometimes makes it necessary for people to travel. All of this will not exist compulsory when decentralized finance is utilized."

Sun as well pointed out that using a Proof-of-Stake (PoS) organisation could reduce energy consumption seen in traditional Proof-of-Work (PoW) mining methods used by Bitcoin. To put this into perspective, a report recently showed that Bitcoin mining emits over 22 megatons of carbon dioxide annually, comparable to the total emissions of cities such as Las Vegas and Vienna.

"Past adopting a [PoS] arrangement, it drastically reduces the massive energy consumption used in traditional [Pw] mining method used by Bitcoin."

Lastly, Sun mentioned that decentralized fiscal systems are beneficial in that they are readily available effectually the world.

"Decentralized finance systems are available to anybody in the world! Depository financial institution the unbanked. Today, the traditional finance organization is limited, expensive and non cost effective. Enormous resources and steps are required only to open an account. Imagine having to serve a heavily populated country and all the wastage that ensues. I truly believe blockchain must be in our time to come if we want to eliminate wastage and brand a difference."