Bitcoin Mining is Spewing Carbon
Producing bitcoins uses as much electricity as the nation of Argentina, but cardano is offering an alternative
An energy-efficient cryptocurrency called cardano could help dislodge bitcoin, a notorious electricity junkie, from its position as the world’s premier crypto. The shift in the market would be a meaningful step in the effort to curb the worst effects of climate change.
“You can save 99.95% of the total [cryptocurrency] energy consumption with cardano, and that’s probably still a pessimistic estimate,” saidAlex de Vries, a data scientist and economist who runs Digiconomist, a Netherlands-based crusade against what he views as problems with bitcoin.
Or, look at it this way: Cardano is making it possible for...
