Crypto mining consumes a lot of hash power (computational power) and resources because of the PoW algorithm. However, minting NFTs through Ethereum requires intensive energy. Meanwhile, Ethereum based NFTs that work on PoS will not only be environmentally friendly, but will also be a cheaper alternative. “Trading and minting NFTs on Ethereum is expected to be cheaper due to sharding and the proof-of-stake consensus algorithm. 📣 Join our Telegram channel (The Indian Express) for the latest news and updatesFor all the latest Technology News, download Indian Express App.

Source: Indian Express August 08, 2022 08:46 UTC