🎉Big news! The Cardano Foundation has joined forces with the Crypto Carbon Ratings Institute (CCRI) to publish a report on the Cardano network’s sustainability metrics that will be in line with the EU’s upcoming Markets in Crypto-Assets (MiCA) regulation. 👏👏👏
This collaboration is beneficial as CCRI’s involvement ensures the quality of blockchain monitoring and data collection methods. 🔬📊
The report highlights an important fact: Cardano runs on a more energy-efficient consensus protocol that consumes significantly less electricity than proof-of-work protocols. 💡🔋This is a big win and positive news for those concerned about the environmental impact of cryptocurrencies.
The report also provides the Cardano network’s total annual electricity usage and carbon footprint, as well as marginal electricity requirements per transaction per second. 🌍🌳This data will help us better understand and manage the environmental impact of cryptocurrencies.
Finally, the report also provides sustainability metrics that are in line with the European Securities and Markets Authority’s draft regulatory technical standards. 🇪🇺📜This is an important milestone that marks that Cardano is actively adapting to the global regulatory environment.
Overall, this is an exciting development and a positive sign for Bitcoin and the entire cryptocurrency market. 🎉🎉🎉