Cardano Emerges as the Greenest Blockchain Powering the Billion-Dollar Market, Poised to Shape a Carbon-Zero Future and Foster Global Sustainability - ELEVENEWS
Cardano has been dubbed by many key players and leading publications as the greenest blockchain for multiple reasons. As the world begins to gravitate towards a greener path, Cardano is making waves for...
Cardano has been dubbed by many key players and leading publications as the greenest blockchain for multiple reasons. As the world begins to gravitate towards a greener path, Cardano is making waves for pioneering sustainability in the blockchain ecosystem.
As IOG noted in a recent Twitter thread, Cardano’s staking mechanism and energy consumption levels are two of the main benefits that the Cardano network offers the industry.
— Input Output (@InputOutputHK) May 25, 2023Why have commentators in newspapers and investing blogs such as the Motley Fool called #Cardano the ‘green blockchain’?
Cardano has two clear advantages: far less energy consumption, and its staking mechanism.
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A large number of blockchain networks run on the Proof of Work consensus mechanism, Cardano and a handful of other blockchains run on the Proof of Stake mechanism. The PoS mechanism is an alternative to PoW that is considered to be way more sustainable.
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