- Justin Sun explains why he pledged to donate $1 million to Greta Thunberg’s campaign
- Tron acquires DLive blockchain streaming platform
Tron News Today – A few weeks ago, Smartereum reported that the founder of Tron (TRX) – Justin Sun – promised to donate $1M to Greta Thunberg to raise global awareness of the climate crisis. In a tweet, Justin Sun said:
“As a young entrepreneur, I share @GretaThunberg’s passion to change the world. Crypto will contribute immensely on reducing carbon footprint by implementing decentralized settlement. I would like to personally commit $1 million to @GretaThunberg’s initiative.”
Justin Sun Explains Why He Pledged to Donate $1M to Greta Thunberg
On December 18, Sun pledged to donate $1 million to the campaign of Thunberg. However, he did not explain how digital currency would help reduce carbon footprints through the creation of decentralized settlements. With regard to this, the founder of Tron told Cointelegraph that decentralized finance platforms and decentralized settlements are run by computers on cloud computing systems. Hence, this eliminates the need for management records and ledger documentation kept on paper.
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Furthermore, could computing systems do not depend on physical transport systems, as everything is digital. These systems reduce the rate at which people travel, easing the burden of the travel industry on the environment – it accounts for eight percent of global carbon emissions. Sun said:
“These types of records require postal mailing which is done through transportation. The whole Know Your Customer process also requires face-to-face interaction, which sometimes makes it necessary for people to travel. All of this will not be compulsory when decentralized finance is utilized.”
He also added that Point of Sales systems could significantly reduce energy consumption seen in traditional Proof of Work mining methods. Lastly, Sun pointed out that decentralized financial systems are beneficial because they are readily available all over the world.
Tron Acquires DLive Blockchain Streaming Platform
Tron acquires DLive to add to the portfolio of Justin Sun that already contains BitTorrent and Poloniex. DLive is working with BitTorrent and its parent firm Tron. DLive is built on the Lino blockchain testnet but it will migrate to the blockchain of Tron and merge with BLive – Tron’s streaming equivalent. The creators of the Lino Network – ACE Protocol Foundation – also announced a strategic partnership with BitTorrent.
DLive was launched in September last year and it already boasts of a remarkable user base. According to SmilarWeb, more than 3.5 million people visit the streaming platform every month. The rapid user growth of the platform was stimulated by a partnership with PewDiePie – YouTube’s most-watched internet celebrity.
The acquisition of DLive is the third public acquisition of Tron. The high-profile acquisitions of Tron include the file-sharing platform BitTorrent and the digital currency trading platform Poloniex.