Blockchain technology company EMURGO has announced that the Proof-of-Stake (PoS) consensus used by Cardano (ADA) provides a “more energy efficient alternative for users and businesses” than Proof-of-Work (PoW).
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EMURGO, which developed the Yoroi wallet for Cardano, spoke of the energy-hungry Bitcoin’s PoW algorithm:
In the continuation of its blog post, the company talked about two main advantages of PoS over PoW:
EMURGO also states that PoS, which is also used by Cardano, is sustainable because its electricity investment is lower. He also states that a full PoS blockchain can be fully secured using 1/10 or even 1/10.