Cardano Foundation Says ADA Is Perfect For Tesla As Token Defies Crypto Crash With New All-Time High

After Tesla dropped Bitcoin as a form of payment over environmental concerns, multiple crypto projects started showing off their green cred.

In a new Twitter thread, the Cardano Foundation, a Zug-based organization focused on developing and promoting the fourth-largest blockchain, is making a case for Tesla adopting the Cardano (ADA) token.

Cardano utilizes the proof of stake (PoS) consensus mechanism instead of energy-intensive proof of work (PoW). The Ouroboros protocol randomly chooses slot leaders from active stake pools for verifying transactions.Find out more

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