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...
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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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