The Cardano Foundation and the Crypto Carbon Ratings Institute (CCRI) have introduced MiCA-compliant sustainability indicators, positioning Cardano ahead of upcoming regulations with a focus on energy efficiency and transparency.
In collaboration with CCRI, the Cardano Foundation published sustainability indicators for the Cardano network, ensuring compliance with the upcoming Markets in Crypto–Assets (MiCA) regulation in the European Union. The report, released on July 2, meets MiCA’s requirement for crypto asset issuers and service providers to disclose sustainability metrics. This initiative is led by the Cardano Foundation, which manages the ADA cryptocurrency.
MiCA Compliance Report
To ensure the accuracy and reliability of its blockchain monitoring and data collection, the Cardano Foundation partnered with CCRI. The report highlights Cardano’s use of an energy-efficient consensus protocol, consuming significantly less electricity compared to proof-of-work protocols.
The report details the total annualized electricity consumption and carbon footprint of the Cardano network, as well as the marginal power demand per transaction per second. Additionally, it includes sustainability metrics that align with the draft regulatory technical standards from the European Securities and Markets Authority (ESMA).
By releasing these indicators ahead of schedule, Cardano demonstrates its commitment to regulatory compliance and environmental sustainability, setting a benchmark for other blockchain networks.
Summary Review: By releasing these indicators ahead of schedule, Cardano demonstrates its commitment to regulatory compliance and environmental sustainability. This proactive approach not only sets a benchmark for other blockchain networks but also underscores Cardano’s leadership in promoting transparency and energy efficiency within the crypto industry.
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