Cardano’s Carbon Footprint

Many crypto critics have pointed out that energy consumption is something holding crypto back. According to Cardano daily, though, it appears Cardano is more energy efficient than PayPal, Youtube, and Netflix.

• In the tweet, one can see that Cardano, a proof of stake blockchain, is more energy efficient than BTC (PoW), and gold mining.
• The difference between proof of work and proof of stake blockchain networks in terms of energy is impossible to ignore. After comparing energy consumption, Cardano is technically 69,270 times more efficient than Bitcoin.
• Hoskinson said, ” The advantage of proof of stake is that because you don’t have gargantuan overhead and energy expenditure for deciding who gets to make a block, it means you can put a lot of your magic in the other two stages.”

Though Cardano is more efficient than Bitcoin, we should also note that Bitcoin mining and its effect on the environment may be a little overstated. In 2021, Bitcoin mining accounted for .08% of global carbon dioxide emissions.

With more people possibly heading toward the Cardano community, it will be important to keep in mind that the Yoroi Wallet tweeted that they have only started to update their servers in preparation for the Vasil hard fork. This may equate to a slightly slower user experience, at least in the short term.