Cardano (ADA) has the lowest electricity consumption per node

February 11, 2022
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Cardano has the lowest electricity consumption (199,45 kWh/year) per node among proof-of-stake blockchain networks. That’s according to a report by the Crypto Carbon Ratings Institute, which was commissioned by AvaLabs and studied six proof-of-stake blockchains. Overall, Polkadot has the lowest total electricity consumption (70.237 kWh/year), while Solana has the lowest electricity consumption per transaction (0,166 Wh/Tx).

What is Cardano (ADA)?

Cardano is a blockchain-based project in the field of cryptocurrencies launched by Ethereum co-founder Charles Hoskinson. The objective is to scientifically research known difficulties of previous blockchain projects and offer solutions. Launched in 2015, the project aims to create a decentralized platform for complex, programmable transfers of value and smart contracts with scalability and security in mind.

Cardano uses the internal cryptocurrency ADA as a means of payment for transactions. ADA is proof-of-stake-based and can be traded on crypto exchanges. ADAs all-time high is $2.96. It was reached on September 4th, 2021.