Cardano prepares to reign in the blockchain project
The Cardano Foundation is advancing the battle against global warming through land replacement efforts using Cardano. An update from the Foundation on Sunday ensures that this new environmental idea recently reached one million milestones in planted trees.
It appears that Cardano is poised to benefit more tree planting initiatives and reign as the most sustainable green blockchain plan.
The one million tree milestone was reached
Cardano signed an agreement with Veritree for its reforestation effort. Veritree is a climate replenishment platform that uses blockchain technology to record and track tree plantations for consumers. The platform performs a "Cardano Forest" where users have the possibility to donate cardano tokens (ADA) in exchange for reduced version TREE tokens. Veritree then plants a tree for each ADA traded. Said TREE tokens have the possibility of redeeming for NFT digital art and digital trees.
Cardano Foundation executive Frederik Gregaard mentioned on January 9 that the Cardano Forest is 100% funded and that the 1 million tree milestone had been reached. All reforestation verification details are recorded on the Cardano blockchain for more transparency and credibility.
Gregaard further noted that the Cardano Foundation is now trying to find help for land replacement occupations in Mombasa, Kenya.
Cardano: The Socially Responsible Blockchain
Charles Hoskinson has insisted that social responsibility belongs to the key goals of the plan. Cardano is currently being used to revamp Ethiopia's education system.
Furthermore, Cardano was known for a long time as a green blockchain thanks to its subjectively low power consumption. Unlike Bitcoin, which leverages the energy-intensive proof-of-work (PoW) agreement mechanism that has drawn the ire of certain skeptics, Cardano operates on a proof-of-collaboration (PoS) algorithm that is considered to be more environmentally friendly.
That said, the Cardano Forest plan is part of a larger effort by Cardano to transform itself into a carbon-neutral blockchain that drives a generational shift in ecological conservation efforts. According to Gregaard, "positioning Cardano as head of climate effect" is at the heart of the underlying philosophy of the Cardano Foundation.
ADA investors have the ability to ensure that they remain endorsing a cryptocurrency plan that cares for the environment.