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Comparison of energy consumption of Cardano and Bitcoin
Did you know that Cardano is about 100,000 times more energy efficient than Bitcoin? Is this important to you? Maybe yes and maybe no. However, this topic is increasingly being debated at the level of governments and regulators. Their decisions may affect the future of blockchain projects. Let’s look at the details.
TLDR:
- Climate change, the economic crisis, and the negative geopolitical situation are forcing people to think about the appropriate use of energy.
- The argument that PoW must consume energy to provide security is valid only until the security budget is exhausted.
- The use of green energy for PoW mining is not a relevant argument for the ECB. Jurisdictions must meet emission limits. Green energy can be used elsewhere.
- It is difficult to see how authorities could opt to ban petrol cars over a transition period but turn a blind eye to bitcoin-type assets built on PoW technology.
- People should decide what technologies they want to use. However, they should take into account other people’s wishes.
Read the article: https://cexplorer.io/article/comparison-of-energy-consumption-of-cardano-and-bitcoin