![]() ![]() This compares to 49.16 Twh for Ethereum, about the amount of energy used by Peru in a year. ![]() The PoS blockchain Tezos claims that the annual energy consumption of its blockchain totals around 0.00006Twh, about the amount a continuously running escalator at an airport might use annually. Whereas PoW methods rely on huge amounts of computing power, PoS does not and, in turn, reduces energy consumption significantly. These emissions derive in large part from the fact that Ethereum, Bitcoin, and other blockchains rely on Proof-of-Work (PoW), a much more inefficient alternative to the newer Proof-of-State (PoS) verification method. That is about 14 times the size of mailing an art print, around 2.3kg CO2, according to Quartz, or 74, 000 VISA transactions. The carbon footprint associated with NFT minting is somewhere around 85kg CO2. ![]()
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