We are not wasting the planet's resources in vain. For Funrise, we have chosen $POLYGON$ Polygon, one of the most energy-efficient blockchain implementations.
What is Polygon?
$POLYGON$ Polygon (formerly "Matic") is a network built on the Ethereum blockchain as a scaling solution to address some of the drawbacks of Ethereum: high fees and energy consumption. $POLYGON$ Polygon operates a "Proof-of-Stake" consensus mechanism used to validate transactions on the network. This is far less energy-intensive than cryptocurrencies like Ethereum and their "Proof-of-Work" model - which requires heavy energy consumption to run the powerful computers that operate the network.
Why do we choose Polygon instead of Ethereum?
In Ethereum, the typical fees known as "gas" can vary widely during a single day, sometimes reaching up to $150 or more simply to process a transaction. This adds huge fees on top of the cost of the NFT itself.
$POLYGON$ Polygon provides a more cost-effective experience and has significantly lower fees for buyers and sellers of NFTs because of its consensus mechanism.
Good news: gas-free NFT minting!
All transactions on our site are free of transaction fees (a.k.a. gas-free).