Cardano CEO: Cardano Is 1.6 Million Times More Energy Efficient Than Bitcoin

IOHK CEO Charles Hoskinson, in a recent interview with Forbes, spoke about Cardano’s eco-friendliness, claiming that the Cardano blockchain is 1.6 million times more energy-efficient than Bitcoin. Hoskinson’s comment shows the advantages of Proof of Stake over Proof of work.

He Added:

Hoskinson is not the only personality that targets Bitcoin’s energy consumption. As reported by TheCryptoBasic recently on Earth Day, Ripple co-founder Chris Larsen urges Bitcoin miners and core developers to consider abandoning the Proof-of-Work consensus mechanism. Chris Larsen urges people who create and contribute to the Bitcoin code, key miners, exchanges, and core developers to consider opting out of PoW. He praised Ethereum for its decision to switch to Proof-of-Stake.

Bitcoin lovers were quick to dismiss comments about Bitcoin’s carbon emissions. A study conducted jointly by Square and Ark Invest shows that BTC can actually accelerate the adoption of green energy, and profit mining will make it affordable.

Originally published at on April 27, 2021.



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