Cardano Foundation Illustrates Why Cardano (ADA) Is an Obvious March for Elon Musk’s Tesla
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Cardano Foundation, the non-profit that is supporting the growth of the Cardano ecosystem, has illustrated the reason why the emerging smart contracts platform is an obvious match for Elon Musk’s electric car manufacturing company, Tesla.

In a series of tweets on 13th May, the Foundation penned a long list of reasons that make Cardano (ADA) the best replacement of Bitcoin (BTC) as Tesla’s payment option.

Read Also: Important Factors That Will Contribute to the Success of Cardano (ADA) in Africa

It can be recalled that Elon Musk, the CEO of Tesla, announced that Bitcoin is no longer an option for the purchase of Tesla cars, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions”. He also stated that the company is “looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”

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So, Cardano Foundation is also joining a number of crypto projects that are proving to be the best choice for Elon Musk and his car manufacturing company. A couple of hours ago, Jason Rockwood, the General Manager at VeChain Americas, shared a similar message on behalf of the leading enterprise blockchain platform, VeChain.

Cardano Foundation tweeted, “Cardano x Tesla: An obvious match?”

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The Foundation shared the proof of Cardano’s capability in a series of tweets as follows:

“Founded by Engineers: All of the research and technical specifications that underpin Cardano are publicly available, and all Cardano development activity is published online.

“Sustainability: In line with many UN Sustainable Development Goals. Running a node is accessible and affordable.

“Sustainability: As a proof of stake blockchain, Cardano is transforming the industry’s green credentials and reducing environmental impact.

“Unique: Our partnership with Save the Children and COTI to use ada in their donation model. Since the launch of Cardano’s proof-of-stake consensus mechanism, we’ve delegated US$500m to mission-driven stake pools.

Read Also: Analyst: Cardano (ADA) Is Poised To Hit $5-$10 before the End of This Bull Cycle

“Unique: Cardano is the biggest decentralized funding platform worldwide, over $1m available each round to devs and teams building on Cardano. Each funding round has grown in its scope, level of funding, and community engagement.

“Unique: Our engineering partners at IOHK are helping Ethiopia overhaul its education system; boosting nationwide education and employment.

“So, Elon Musk… how about we get your people to talk to our people?”

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.