Saturday, April 10, 2021

Wealthchain CEO Kevin Mehrabi Highlights Three Reasons to Mint on Tezos Instead of Ethereum

Kevin Mehrabi, the CEO at Wealthchain and Tezos DeFi Founder, has highlighted three reasons to mint on Tezos blockchain rather than Ethereum.

A number of blockchain projects have been dubbed Ethereum-killer due to the competition they are putting up against the largest smart contract platform. The blockchain projects that strive to dethrone Ethereum as a go-to platform for applications include Tezos, Cardano, Polkadot, EOS, among others.

Read Also: Cardano, Ethereum Top on Github as Blockchains with Most Daily Development Activities in 2019

Three Reasons to Mint on Tezos Instead of Ethereum

According to Kevin Mehrabi in a tweet on 28th March 2021, the first reason to mint on Tezos rather than Ethereum is the huge difference in costs on both platforms. Mehrabi stated that it costs between $20 and $100 to mint on the Ethereum network, while it is way below such a price range on Tezos.

The second point is that OpenSea, the first decentralized marketplace for crypto collectibles, is on the verge of listing Tezos on its non-fungible token (NFT) marketplace.

Mehrabi’s third point is that Tezos is powered by a technology that is eco-efficient, unlike Ethereum that currently runs on proof-of-work (PoW) consensus algorithm and consumes a very large quantity of energy.

Read Also: CZ Binance Suggests What Could Serve As a Sure Solution to Ethereum High Gas Fees

Kevin Mehrabi tweeted, “NFT ARTISTS: 3 reasons to mint on Tezos instead of Ethereum: 1. It costs just $0.05 (not $20-$100) 2. OpenSea announced they’ll soon list Tezos market NFTs 3. Tezos runs on an eco-efficient technology (not one that’s a notorious energy waster).”

In another tweet on 30th March, Mehrabi pointed out that the energy consumed by proof-of-work (PoW) mining is enough to light up schools and hospitals, which is another huge difference between Tezos and Ethereum.

Read Also: Vitalik Buterin: NFTs Can Be Channeled To Socially Relevant Causes Rather Than Casino for Celebrities

Kevin Mehrabi wrote, “The energy expended on Proof-of-Work mining, no matter how green the source, is not “energy that wouldn’t be used anyway.” It’s energy that could have been used to feed the starving, to light up schools and hospitals, to power infrastructure for an impoverished world.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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