Cardano is also considered to be one of the most environmentally sustainable blockchains . The founder of Cardano once said, the network uses only 6 GWh of power, hence it is a “balanced and sustainable ecosystem”. According to this reddit post, Cardano might be 37,500 times more energy-efficient than Bitcoin.
Read moreWhat is the most ethical Cryptocurrency?
Below we outline six cryptocurrencies that are more environmentally friendly than bitcoin.
Read moreHow is Cardano sustainable?
How it works. Cardano is inherently more energy efficient than Bitcoin as it uses a ‘Proof of Stake’ consensus mechanism where those participating in the currency buy tokens to join the network .
Read moreDo all cryptocurrencies have a whitepaper?
Every coin has a “whitepaper” where all the information about it is stored. A whitepaper throws light on two major aspects of a crypto project – its purpose and the technology behind it.
Read moreWho is Cardano backed by?
Charles Hoskinson , the co-founder of Ethereum, began the development of Cardano in 2015 and launched the platform in 2017.
Read more