We want to analyze Cardano’s and Ethereum’s yearly energy consumption, so that you can make an informed decision about which blockchain you want to support and how your activity impacts the environment. First we will analyze the yearly and single transaction energy consumption of Ethereum.
As Ethereum uses a proof of work algorithm to execute its transactions, 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
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!