We want to analyze the yearly energy consumption of Cardano and Ethereum, so that you can make an informed decision which blockchain you want to support and how your activity impacts the environment. First we are going into the yearly energy consumption of Ethereum and what level of activity one transaction is equivalent to.
As Ethereum uses a proof of work algorithm to execute its transacitons, it requires enormous amounts of energy to execute a single transaction, which has accumulated to energy consumption of countries like Bangladesh, a top 40 consumer on a yearly basis.
Proof-of-Stake solutions are superior when it comes to energy efficiency and allow you to minimize negative impact your blockchain activity has on our environment
Here is a chart comparing the energy consumption per year of Ethereum and Cardano. To interact with it, please enter the number of years of Cardano consumption to compare.
We are an NFT marketplace built on Cardano, a third generation energy efficient blockchain. This allows you to share your creativity with the world, make a living and support others through a sustainable alternative!