Cardano Foundation Suggests Cardano x Tesla are “Obvious Match,” after Tesla Says it Won’t Take BTC Payments due to Environmental Issues

After Elon Musk’s Tesla announced that it would no longer accept Bitcoin payments due to concerns regarding the excessive consumption of electricity (and fossil fuels) in BTC mining, the Cardano Foundation has come forward to suggest that Cardano (ADA) and Tesla could potentially be an “obvious match.”

The Cardano Foundation, which aims to support the ongoing growth and development of the Cardano ecosystem, points out that the initiative was founded by engineers. As noted by the Foundation, all the research and technical specifications underpinning Cardano are “publicly available,” and all Cardano development activity is regularly posted online.

The Foundation further noted that sustainability is a key focus area for the project. They added that their approach is in line or consistent with many United Nations Sustainable Development Goals. They also claim that operating a computing node is both “accessible” and “affordable.”

The Foundation has shared a step-by-step guide for setting up a Cardano node.

The Cardano Foundation also claims that their focus on sustainability along with their proof of stake blockchain, is transforming the distributed ledger tech (DLT) sector’s “green credentials” while lowering overall environmental impact.

The developers of Cardano have also teamed up with Save the Children and the @COTInetwork in order to use ADA, Cardano’s native digital asset, in their donation model.

Since the introduction of Cardano’s PoS consensus algorithm, they have delegated $500 million to “mission-driven stake pools.”

The Cardano Foundation also claims:

“Cardano is the biggest decentralized funding platform worldwide, over $1m available each round to devs and teams building on Cardano. Each funding round has grown in its scope, level of funding, and community engagement.”

The Foundation also noted that their engineering partners at IOHK are assisting Ethiopia with improving its education system, while “boosting” nationwide education and employment.

As reported recently, Coinbase Pro added new order books for Cardano’s ADA (ADA-ETH and ADA-USDC).

As covered last month, Cardano smart contracts update will allow blockchain developers to work with auctions, collectibles, and crowdfunding use-cases.

IOHK, a blockchain research and development company and the developers of the Cardano blockchain, reported on March 31, 2021  that the Cardano block production has been successfully decentralized. IOHK stated that they will no longer produce any blocks on Cardano, with the responsibility now fully in the hands of the blockchain’s community of over 2,000 community stake pools.

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