The environment is being congested daily with different types of pollution. The main reason we have green cryptocurrencies is that there’s a need for the environment to remain sustainable. One of the most effective means of ensuring this is by eliminating activities that consume a large chunk of energy and replacing them with more eco-friendly means. For example, the bitcoin network uses a large chunk of electricity that’s enough to power a small city for its mining purposes. This makes bitcoin somewhat harmful to the environment when it comes to sustainability and renewable energy. However, when it comes to cryptos like Vechain and Cardano, the concept of a green ecosystem is one of the reasons why some investors prefer them to bitcoin.
Cardano has been one of the significant early adopters of the concept of sustainability and a green ecosystem and has since implemented means of making the entire Cardano network more eco-friendly. To this end, the Cardano network is leading in the local ecosystem and land restoration development activities, using its blockchain as a spearhead.
The Cardano foundation recently reached its goal of having over 1 million trees planted for the sake of having an eco-friendly environment. The Cardano Foundation is a non-profit organization that supervises the development of the Cardano network. All trees planted in the Cardano Forest are duly recorded on the Cardano blockchain for the sake of transparency and proof of Cardano’s participation in land restoration. Having projects that could help build an eco-friendlier program attached to your name serves as one of the news that could enhance the growth of the Cardano network and the increase in the price of its native token, ADA. Being part of the growth of an eco-friendly environment is one good reason you should buy Cardano or have your investments in the Cardano network for 2022.
Cardano reaching the peak of its eco-friendly project is not a fit that was achieved without collaborations and partnerships. The Cardano foundation partnered with Veritree, a crypto startup that aided the planting effort. This startup uses blockchain technology to record the tree-planting supply chain for every use, allowing every supply to be traceable.
The partnership between Cardano and Veritree is such that for every ADA exchanged for a TREE token, Veritree plants a tree. HOWEVER, this TREE token can be redeemed for NFTs during some redemption days, proportional to the initial amount of ADA exchanged. So, according to this, it’s appropriate to assume that over 1 million ADA has been traded to the TREE token. In line with these developments, there has been a massive increase in the amount of ADA that has been invested into the concept of land restoration and sustainability. This has made Cardano one of the major crypto foundations that have invested massively into the environment, being more eco-friendly compared to other cryptocurrencies. Cardano, however, still has many plans regarding the concept of land restoration and a greener environment; the question is, why plant trees?
Why is Cardano investing in tree planting?
If you are seeing the news of Cardano planting trees for the first time, you might be forced to wonder why Cardano has taken that job. It’s because of the effort of the Cardano foundation towards an eco-friendlier climate and a sustainable environment. The impact of blockchain technology on the sustainability of the environment and environmental pollution has been one of the few reasons why the crypto community suffers criticism. However, the criticism would reduce with foundations like Cardano amongst other greener cryptos being more eco-friendly.
The impact of mining cryptocurrency is the main reason the environment is becoming less eco-friendly because of the specialized giant machines used to solve millions of calculations per second. These machines, however, use a massive amount of electricity to keep them running. Such a tremendous amount of electricity poses the question of sustainability and eco-friendliness. The proof-of-stake consensus of the Cardano network is also a key contributor to the sustainability of the environment compared to the proof-of-work on the bitcoin network.
So, if you are looking for reasons why you should invest in Cardano or buy Cardano, these reasons mentioned above are more than enough to let you know how advanced the Cardano network has gone. Not many environmentally friendly cryptos have a considerable market cap; Cardano is about the top ten of its kind. Planting trees is one step towards achieving an environmentally friendly ecosystem. Planting millions of trees means considering the importance of a sustainable environment in the long run. So, planting more trees serves as a remedy for the already damaged environment.
