Cardano Sets Benchmark in Crypto Sustainability with New Energy-Efficiency Report
July 3, 2024The Cardano Foundation and CCRI have released a detailed sustainability assessment for the Cardano blockchain.
The assessment highlights the energy-efficient consensus protocol Ouroboros, with an annualized energy consumption of 704.91 MWh.
Cardano's carbon emissions are measured at 250.73 tonnes of CO2 equivalent.
The network generates 8.26 tonnes of waste electrical and electronic equipment annually, indicating a need for better recycling practices.
This sustainability effort is in line with upcoming MiCA regulations, showcasing Cardano's commitment to transparency and environmental sustainability.
Cardano operates with 3,147 nodes and processes 19,530,055 transactions annually, setting a benchmark for regulatory compliance and sustainability in the cryptocurrency industry.
CEO Frederik Gregaard emphasizes the importance of meeting regulatory requirements and building trust through these sustainability efforts.
Summary based on 4 sources
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Sources
Cointelegraph • Jul 2, 2024
Cardano updates MiCA compliance indicators 6 months ahead of the curveBitcoinist.com • Jul 2, 2024
Cardano Is MiCA Ready: Sustainability Indicators ReleasedCryptoSlate • Jul 2, 2024
Cardano unveils eco-friendly metrics to meet Europe's new MiCA rulesCoinJournal • Jul 2, 2024
Cardano sets benchmark with early MiCA compliance - CoinJournal