The most popular cryptocurrency – Bitcoin and Ethereum – a “green” competitor appeared. Cryptovaya Cardano (ADA) has become the third in price, since miners are looking for more environmentally friendly alternatives. This is reported by Euronews.
According to Coinmarketcap, Cardano’s market capitalization is $ 86.47 billion, and the cost of tokens has increased by more than 36 percent to 2.64 dollars. Cryptocurrency shifted from the third place token Binance Exchange with capitalization of $ 81.48 billion.
Cardano is a blockchain-platform that has its own inner cryptocurrency called ADA. It was founded in 2015 by the co-founder of Ethereum Charles Hoskinson and launched in 2017. Since then, Token has returned 7.08 thousand percent investors. ADA is named this in honor of the ADA Lavleis, the British Countess of the XIX century, known for its work on the computing machine. It is considered the world’s first programmer.
The influence of mining on the environment has become part of the environmental agenda of states. For example, in China and Iran, this summer temporarily banned mining, justifying this by the fact that computers used in the process consumed too much energy and caused interruptions with electricity.
In this matter, Cardano Tocken is undoubtedly wins against the background of Bitcoin and Ethereum. If Bitcoin consumes as much energy as the state of Chile, – 77.78 terravatt per hour, then Cardano consumes only 0.006 terravatt per hour. Recent data show that the annual emissions from Bitcoin mining make up more than 57 million tons of carbon dioxide per year, which roughly corresponds to the annual carbon emission in a small European country.
The Cardano Tocken Growth contributed not only to its compliance with the “green” agenda. One of the reasons for growth has become planned on August 25th to the Japanese stock exchange. It is believed that in Japan the most stringent criteria for entering the market. In addition, the technology with which the platform works is beneficial to grow. Cardano Tocken cost increased by 22 percent after Hoskinson announced a major update of Alonzo, which will be launched in September. Alonzo will introduce smart contracts in Cardano that use blockchain to perform various functions, such as sending information or documents. Smart Contacts will allow Cardano to add the function of own decentralized applications (DAPPS) for capital exchange or asset by two counterparties without intermediaries.