An analysis noted that the Cardano project is more efficient than giant payment platform PayPal & video streaming platform Netflix & YouTube.
Cardano is an 8th-ranked crypto asset in the crypto industry. The blockchain network of Cardano operates on the Proof-of-stake consensus, which allows the Cardano network to facilitate high-speed transactions in less time with high scalability. At present, developers of the Cardano project are working hard to introduce efficiency in the Cardano Blockchain.
On 22 August, A Cardano project dedicated Twitter account shared a picture, containing an energy consumption comparison of Cardano with leading online platforms.
CARDANO ENERGY CONSUMPTION
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
The Merge event has fixed the date on or around Sep 15, considering ETH greener to the environment. However, before the date come, take a look at the energy consumption between @Cardano network and some real world activities.#cardano #sustainable pic.twitter.com/mDMKRTLlsv
— Cardano Daily (@cardano_daily) August 22, 2022
The whole detailed comparison is taken from Cardano.Fans. According to the attached information in the Twitter post, the Cardano blockchain consumes 0.0027 TWh per year which is 48.5k times less than the energy consumption by the Proof-of-work network bitcoin.
Interestingly, Cardano consumed approximately 100 times less energy than the giant payment platform PayPal. The same comparison of Cardano blockchain with Ethereum blockchain makes Cardano 27K times less energy-consumer network.
Netflix, Gold mining & YouTube consumes 94 Twh, 240 Twh & 244 Twh respectively.
Through the tweet thread, Cardano Daily noted that compared video streaming platforms are under use at an enormous level over Cardano but still in some ways Cardano is showing huge efficiency in terms of energy consumption to facilitate high numbers of crypto transactions.
Further Cardano Daily noted that the online payment platform PayPal is not better in terms of online transactions than Cardano, if we consider the energy consumption rate.
“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?”
Read also: Crypto-friendly US Lawmaker raises questions against Tornado Cash ban
Cardano blockchain is more efficient over PayPal: Report
https://bitcoinik.com/cardano-blockchain-is-more-efficient-over-paypal-report/feed/
https://bitcoinik.com/cardano-blockchain-is-more-efficient-over-paypal-report/feed/
ππGet ready for the biggest ICO of 2022.
β
ICO Round 1 is Sold Out
β
ICO= Initial Coin Offering. Where you can purchase tokens at base price.
β
ICO has different rounds with different price.
β
Round-1 price: $0.0005 (Sold Out)
β
Round-2 price: $0.001
β
Round-3 price: $0.002
β
Round-4 price: $0.004
β
Round-5 price: $0.008
πICO will be finished on September 15, 2022.
πTrading will start after ICO completion.
ππEXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)ππ
π©π»βπ»For more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
ππππππππΌππππ ππππππ½
https://koinswap.io/register?referralcode=CFxqfP
β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬β¬
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
ππππππ
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
