Now that the Ethereum merger is behind us, what next? • Tech Crunch

Ethereum succeeded accomplishment Its highly anticipated shift from Proof of Work (PoW) to proof of stake (PoS) in a process known as consolidation.

The plan has been years in the making and has undergone a seemingly endless series of tests and tinkering. It finally happened after it was one of the most anticipated and talked about events in the crypto world this year. But now the event is over, as Ethereum appears to be removing the technical hurdles that the transition presents.

“Ethereum now has an opportunity to be a productive, consistent, and forward-looking technology compared to a technology rooted in high energy consumption and with less equity from a transaction or cost perspective,” Sean Ford, interim CEO of blockchain company Algorand (also PoS), told TechCrunch. ‘I am optimistic about the industry’s opportunities.’

Although the merger was a huge feat, there are plenty of upgrades planned for the Ethereum blockchain in the future. In July, Vitalik Buterin, co-founder of Ethereum, He said The network will be subject to More updates This rhyme with amalgamation – dash, edge, purge, and boast.

“One advantage of the consolidation we see is that Ethereum has a long technology roadmap, but it will never be completed,” Stephen Goldfeder, co-founder and CEO of Offchain Labs (tier two Arbitrum developer), told TechCrunch. “There is no point where we are finished. Technology will only improve over time. We will continue to innovate and do better things.”

But what does all of this really mean for the next era of the Ethereum network?

Source link

Related Posts