One of the most criticized projects by the crypto community. Cardano ecosystem stands out with its energy efficiency. It turns out that the Cardano ecosystem consumes less energy than the most widely used platforms.
While Bitcoin mining activities still rank high in energy consumption, Cardano’s success represents a significant win for the future of the crypto industry.
With an annual consumption of 0.0027 TWh, the Cardano network consumes less energy than Youtube, PayPal and Netflix.
Payments giant PayPal consumes 0.26 TWh per year, which is almost 100 times the annual expenditure of the Cardano network. According to the data, Netflix consumes approximately 94 TWh per year, while Youtube consumes 244 TWh per year. bitcoin It was determined that he overtook mining as well.
How Much Can PoS Reduce Energy Consumption?
While the energy sources used by the proof-of-work (PoW) system used by Bitcoin are a matter of debate all over the world, it is predicted that the proof-of-stake (PoS) system, which is an alternative to this model, will significantly reduce energy consumption.
Bitcoin mining may be restricted in some countries due to energy consumption. BTC uses 131 TWh per year. This amount is more than the annual electricity consumption of Argentina, the Netherlands and the United Arab Emirates.
In their statement, Cardano sources mention that “POS is more environmentally friendly than POW, so there is not much to discuss about the crypto perspective between Cardano, Bitcoin and Ethereum.”
Ethereum its network currently consumes 73 TWh per year. With this, Merge Once the transaction is complete, the Ethereum Mainnet will merge with the Beacon Chain, providing a full transition to PoS. With this transition, Ethereum’s energy consumption will be reduced by up to 99%.
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