According to the crypto industry, Cardano is ranked the 8th most valuable crypto asset. Cardano Blockchain works on the proof-of-stake consensus, which enables the Cardano network to advance high-speed transactions with high scalability.
Currently, the Cardano project producers are diligently working to launch efficiency in the Cardano Blockchain.
A Twitter post shows Cardano’s energy consumption in comparison with major online platforms.
A comprehensive is gotten from Cardano fans. Research shows that the attached information in the Twitter post, Cardano blockchain consumes 0.0027 TWh per year which is 48.5k times by the Proof-of-work network bitcoin.
Although, the giant payment platform PayPal has higher energy than what Cardano takes up. There is a lower energy-consumer network of Cardano blockchain with Ethereum blockchain.
In the online payment platform, PayPal is bad in terms of online deals than Cardano, if we examine the energy consumption rate.
Note: “If considered as a means of transferring online, we are still outperforming the Paypal network. Who needs Paypal while we have a more sustainable means of transferring?”
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