The Cardano Foundation, partnering with the Crypto Carbon Ratings Institute (CCRI), has unveiled sustainability indicators for the Cardano blockchain to meet Europe’s new MiCA rules. This initiative, announced on July 2, comes six months before MiCA’s second phase for crypto asset providers.
Cardano’s eco-friendly metrics show it uses an energy-efficient consensus protocol, consuming only 704.91 MWh as of May 2024, or about 0.192 W per transaction per second (TPS). Its annualized carbon footprint is 250.73 tCO2e, with a carbon intensity of 356 gCO2 per kWh.
Frederik Gregaard, CEO of Cardano Foundation, emphasized that these metrics help meet MiCA’s rigorous standards and aid financial institutions in adopting sustainable digital assets. CTO of CCRI, Dr. Ulrich Gallersdörfer, highlighted the importance of using scientific methods to measure the blockchain’s environmental impact.
Cardano aims to set a benchmark for other blockchain networks, showing its strategic commitment to sustainability in the crypto industry.
