Saturday, June 5, 2021

Cardano Foundation, Input|Output and Emurgo Review

Cardano News & Announcements

Cardano Foundation

- Cardano Uses Significantly Less Energy, with the Same Level of Security, as Bitcoin

In Bitcoin’s and other proof of work protocols, 99% of the energy consumption is used to just select a block producer. Cardano uses a proof of stake protocol, much more energy efficient. In comparison, Cardano uses only six gigawatt-hours of energy annually compared to 115.85 terawatt-hours used by Bitcoin.

  • Cardano: 6 gigawatts = ~2 average power plants
  • Bitcoin: 115,850 gigawatts = Rank 31st in country’s energy consumption, surpassing the Netherlands.

Read more: Cardano uses significantly less energy while maintaining the same level of security as Bitcoin

Cardano Clean Water Stake Pool Supports NGO clean water initiatives

Input | Output

- ERC20 Converter allows Ethereum tokens to run on the Cardano Blockchain

By enabling the migration of ERC20 tokens, Cardano focuses on delivering a value-proposition that leverages Cardano’s advantages over Ethereum. In particular, Cardano's higher capacity for transaction processing and lower fees when compared with Ethereum's high cost, and often highly congested traffic.

Read More: Bringing ERC20 to Cardano

Earn Passive Income Stake ADA with Cardano Clean Water Stake Pool


- Blockchain Provides Solutions for the Oil & Gas Industries

In the oil and gas industries, blockchain-based solutions can be useful. As a capital-intensive industry, spare parts, leaks, repairs, and many other things have to be constantly tracked all around the supply-chains become extensive and hard to agreements have to be crafted and executed across many jurisdictions.

All of these areas can be improved by the application of blockchain to digitally automate these processes while securing, sharing, and updating at the same time through a tailored solution accessible by all stakeholders.

Read more: How Can Blockchain Provide Solutions to the Oil & Gas Industry

 The Cardano Team
3 Entities supporting the Cardano Blockchain/ADA cryptocurrency are Input Output, Emurgo and the Cardano Foundation.
 Cardano Blockchain 3.0 | ADA Cryptocurrency

The Cardano Foundation, an independent-entity based in Switzerland, supervises the development of Cardano and its ecosystem; they are committed to protecting and promoting Cardano, and to advocating on behalf of the users and community of the protocol.
Input|Output is the engineering firm developing the Cardano platform, which has more advanced features of any protocol to date, and is the first to evolve out of a scientific philosophy. The large team of expert engineers and researchers, drawn from around the globe, began by deconstructing the concept of a cryptocurrency and incorporating a ground-breaking Proof of Stake Algorithm, Ouroboros. The IOHK team employed a first principles approach driven by peer-reviewed, academic research to build Cardano from the ground up.
Emurgo is a global blockchain technology company providing solutions for developers, startups, enterprises and governments integrating onto the Cardano blockchain. EMURGO develops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education; the company has offices and manages projects in Singapore, Japan, the USA, India, and Indonesia.