Cardano is as green as it can be; the blockchain takes pride in consuming the lowest amounts of power to operate its PoS blockchain. “1.6 million times more energy-efficient at the moment than bitcoin.” according to Cardano founder Charles Hoskinson in a Forbes interview. ✨
Recently, Cardano has partnered with Veritree to create an environmental initiative emphasizing Cardanos’ role in curbing climate change.
Cardano and Veritrees’ partnership and incepted “The First Global Cardano Impact Challenge”; the challenge aims to invite the global community to participate in this initiative by donating to Veritree.
Veritree = More Trees 🌲 🌳
Veritree is an organization that empowers reforestation by using blockchain technology to provide planting organizations with an integrated planting management platform. The company actively contributes to restoring the climate, and Cardano is now a part of that noble initiative.
Together, Cardano and Veritree plan to use the donations to plant the world’s first #CardanoForest.
Find out more about Veritree and the initiative here.
ADALend Following Footsteps 👣📈
ADALend, the Cardano-based DeFi company, is now joining in on the cause by donating to the Veritree initiative 150 ADA as a start. ADALend’s team has come up with that to support the project and what it stands for. Their donation will plant 150 trees through the Veritree project. It is indeed a stepping stone for ADALend and the rest of the Cardano community to help revitalize the environmental endeavors and become an inspiration to other organizations and companies to shift to a greener structure and have the environment on their corporate agendas.
The ADALend protocol will power the new wave of flexible financial services to the digital asset markets, providing a foundation for instant loan approval, automated collateral, trustless custody, and liquidity.