By Solomon Odunayo
The Independent, a British online newspaper that was established as a national morning printed paper, has covered Cardano (ADA), the 5th largest cryptocurrency by market cap, as an alternative to the flagship crypto, Bitcoin (BTC).
The mainstream newspaper also acknowledged the fact that Cardano (ADA) will serve as a means to reduce the significant impact of cryptocurrencies, especially Bitcoin, on the planet. This was shared with the community a couple of hours ago via the ever-growing Cardano subreddit.
The Topic related to Bitcoin’s carbon footprint revived by Elon Musk, the CEO of Tesla, has been a hot discussion within and outside the crypto ecosystem over the past couple of days.
Elon Musk decided to stop the use of Bitcoin (BTC) for the purchase of Tesla cars, citing the excessive use of fossil fuel by Bitcoin miners, rather than renewable energy.
This action immediately crashed the price of Bitcoin and other cryptocurrencies in the market, except Cardano (ADA), a digital currency powered by an energy-efficient protocol, proof of stake (PoS).
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Cardano (ADA) Is a Solution to Negative Impact of Crypto on the Planet
The report was aired by Louise Boyle, a Senior Climate Correspondent in New York for The Independent. The video compared the energy consumption of Bitcoin (BTC) to that of traditional payment networks.
The report acknowledged that Cardano is already solving the problem from where Bitcoin failed since the flagship cryptocurrency is not making any effort to upgrade its network.
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The report also referenced the claim that Cardano (ADA) is 4 million more energy-efficient than Bitcoin (BTC):
“Some companies are trying to alleviate the emission impact. A new digital currency, Cardano, claims to be 4 million times more energy-efficient
than Bitcoin thanks to its unique ways of validating transactions.
“Because they already running on another algorithm called proof of stake (PoS), they don’t have incentives for people to use a lot of specialized hardware and waste lots of energy because that’s not needed for the protocol.
“So, you can say those alternatives (such as Cardano) are already green. The second-largest cryptocurrency of the moment, Ethereum, is working on implementing such as change as well, but Bitcoin is not making any effort at all.
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“It seems unlikely that the environment-unfriendly method used to produce Bitcoin is not going to change any time soon, the solution to reducing the cryptocurrency significant impact on the planet may be found in the old-fashioned market competition, such as Cardano (ADA) and Ethereum (ETH), and advancing renewable energy sources.”
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