Cardano is one of the most sustainable blockchains with an ambitious humanitarian vision. We're deeply rooted in these fundamentals, keeping our planet at the core of every decision that we make.
Cardano uses roughly 0.005% of the energy Bitcoin uses annually. This is due to Cardano’s consensus mechanism, Proof of Stake, which requires far less computational power than the proof of work system that traditional blockchains operate on (Bitcoin, Ethereum, etc).
We chose Cardano due to its energy efficiency. Over the past 6 months that we've been in business, our 2,000,000 transactions have consumed approximately 1 metric ton of CO2. Through Pachama, we have already offset 500 metrics tons of CO2, and will continue to offset as we grow in order to maintain a carbon negative marketplace.
As we grow, we want to redirect more and more capital back towards environmental efforts. However, we also aim to minimize our impact from within. We are currently pursuing benefit corporation status in order to maximize the social & environmental impact that our company can create.