The Merge Doesn’t Improve The Scalability Of Ethereum, According To Solana Co-founder
The Merge is expected to improve network scalability as well as make the Ethereum (ETH) blockchain more energy efficient. Despite the historic upgrade, a segment of the crypto market believes that Ethereum will not solve the scalability issue anytime soon.
Solana Labs Co-Founder Anatoly Yakovenko, in particular, believes The Merge will have little impact on Ethereum’s scalability based on the number of transactions and users, he said in an interview with Bloomberg Technology on September 21.
“The Ethereum Merge doesn’t really improve the scalability of the network. When you look at the number of transactions that Solana handles from applications and from users on a daily basis, that’s more than not just Ethereum but all Ethereum-based blockchains combined. So I think Ethereum has a long way to go on scalability,” Yakovenko said.
Yakovenko stated that The Merge is a positive development for the crypto sector, noting that it will provide some clarity, particularly regarding the security of Proof-of-Stake (PoS) protocols, while also attracting capital inflow.
“I’m really excited about the fact that Ethereum is moving to Proof-of-Stake because this will finally put the debate around whether Proof-of-Stake is secure to us,” he added.
Notably, The Merge upgrade is expected to increase scalability on the Ethereum network via sharding, increasing throughput and potentially lowering transaction costs and time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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Blockchain
The Merge Doesn’t Improve The Scalability Of Ethereum, According To Solana Co-founder
The Merge is expected to improve network scalability as well as make the Ethereum (ETH) blockchain more energy efficient. Despite the historic upgrade, a segment of the crypto market believes that Ethereum will not solve the scalability issue anytime soon.
Solana Labs Co-Founder Anatoly Yakovenko, in particular, believes The Merge will have little impact on Ethereum’s scalability based on the number of transactions and users, he said in an interview with Bloomberg Technology on September 21.
“The Ethereum Merge doesn’t really improve the scalability of the network. When you look at the number of transactions that Solana handles from applications and from users on a daily basis, that’s more than not just Ethereum but all Ethereum-based blockchains combined. So I think Ethereum has a long way to go on scalability,” Yakovenko said.
Yakovenko stated that The Merge is a positive development for the crypto sector, noting that it will provide some clarity, particularly regarding the security of Proof-of-Stake (PoS) protocols, while also attracting capital inflow.
“I’m really excited about the fact that Ethereum is moving to Proof-of-Stake because this will finally put the debate around whether Proof-of-Stake is secure to us,” he added.
Notably, The Merge upgrade is expected to increase scalability on the Ethereum network via sharding, increasing throughput and potentially lowering transaction costs and time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
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