Cardano

Carbon

Foundation

<p><strong>In a proactive move, the Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), published sustainability indicators for the Cardano network. This ensures compliance with the upcoming MiCA regulations in the EU. This initiative highlights Cardano’s energy-efficient consensus protocol and underscores its commitment to a sustainable and transparent approach to cryptocurrency.</strong></p> 
<h2 id="h-indicators-ahead-of-mica-regulation">Indicators Ahead of MiCA Regulation</h2> 
<p>The report published by the Cardano Foundation and CCRI reveals that the crypto network operates on a consensus protocol. This protocol consumes significantly less electricity than proof-of-work (PoW) protocols. As of May 2024, the network’s total annual electrical consumption was 704.91 MWh. <a href="https://www.cointribune.com/en/crypto-92-of-matic-addresses-empty-investors-are-worried/" target="_blank" rel="noreferrer noopener">A figure</a> well below that of PoW-based networks like Bitcoin.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Cardano’s sustainability indicators comply with the regulatory technical standards (RTS) proposed by ESMA under the MiCA framework. These indicators cover energy use and greenhouse gas emissions, as well as waste production and the use of natural resources.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-implications-for-the-crypto-industry">Implications for the Crypto Industry</h2> 
<p>The Cardano Foundation has taken the lead in complying with MiCA sustainability indicators six months before the regulatory deadline. It thus establishes <a href="https://carbon-ratings.com/dl/network-assessment-cardano-2024" target="_blank" rel="noreferrer noopener">a new standard for the industry</a> within the European Union. Frederik Gregaard, CEO of the Cardano Foundation, stated that this initiative aims to ensure adherence to upcoming EU regulations and set a benchmark for the crypto industry.</p> 
<p>Cardano’s initiative is a demonstration of how blockchain networks can address ESG concerns! Particularly environmental impact, while maintaining transparency and efficiency. With the MiCA regulations coming into effect in December, affecting crypto asset service providers, ecosystems such as Cardano will be impacted.</p> 
<p>The Cardano Foundation and CCRI have taken a significant step towards sustainability and regulatory compliance. This positions Cardano as a leader in adopting responsible and transparent practices. This could well encourage broader adoption of blockchain technology in a sustainable manner! Thus reinforcing the trust <a href="https://www.cointribune.com/en/ripple-rejects-sec-offer-serious-repercussions-for-crypto/" target="_blank" rel="noreferrer noopener">of regulators</a>, investors, and users in the crypto industry.</p>

Crypto: Cardano Anticipates MiCA Compliance with this Innovation!

Inhoudsopgave

Cointribune EN

Andere artikelen gepubliceerd op 2 jul 2024

Could Qubetics Whitelist Offer a Safe Haven for Investors Fleeing Polygon and Injective?

Chainlink Shows Positive Price Movement Despite Trading Concerns

Chromia Sets July 16th as Launch Date for MVP Mainnet

Transforming Online Gambling and Community Engagement: Mpeppe (MPEPE) Unveils Strategic Innovatio...

How to Buy ICP Crypto: A Step-by-Step Guide

BlockDAG Leads with Unrivaled Transaction Speed & $30 Price Outlook; Outshines Arbitrum and Lido ...

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!