On June 10, blockchain technology company EMURGO explained how the Proof-of-Stake (Pos) consensus used by Cardano ($ADA) provides a “more energy-efficient alternative for users and enterprises” than the Proof-of-Work (PoW) consensus used most notably by Bitcoin.
In its blog post, EMURGO, which has developed Yoroi wallet for Cardano, started by pointing out how energy-hungry Bitcoin’s PoW algorithm is:
“As the Bitcoin price climbs, more people enter the mining race to profit from it. Now, as the number of miners rises, the network needs a way to balance the influx and make sure conditions remain stable. To do it, Bitcoin’s PoW algorithm has something called the mining difficulty. As it becomes more difficult, miners have to complete more difficult calculations to get their Bitcoin rewards…
