As Ether’s value rises after the markets recover, Vitalik Buterin makes a clear statement. But in a positive sense, since the latter is intended to reassure Ethereum supporters. So what will the blockchain look like only 40% complete? Prepare for evolution with The Surge!
Ethereum: after the merger comes the surge!
The bearish trend has damaged the entire crypto ecosystem. Although the crisis has brought many losses, the awakening is felt. Since the start of the week, most cryptocurrencies have been green and Ethereum is no exception. Indeed, the second largest cryptocurrency by market cap appears to be in the investor spotlight right now. In recent months, Vitalik Buterin has announced important changes to the development of the blockchain.
Panic has reigned on the Internet since March 2022 after the announcement of the Ethereum update. While people are looking forward to the merger, the mainnet co-founder is already predicting what will happen next. Vitalik sees more than Proof-of-Stake (PoS) for the platform. In an Ethereum community conference held Thursday in France, he said that a new phase is expected after the merger.
The Surge allows you to add Ethereum sharding, an upgrade ladder with many benefits. This will not only make it easier for the nodes securing the core network, it will also allow for the use of low-cost second-tier blockchains. And that’s not all! This update reduces the cost of rollups or bulk transactions. Which makes trading easier.
what can we expect?
Unlike Bitcoin, Ethereum isn’t even halfway through its development. Proponents of the flagship cryptocurrency believe that this blockchain is 80% complete, while Ethereum advocates believe that Ethereum is only 40% complete.
As a result, the second largest cryptocurrency is still far from its peak. According to the network’s co-founder, the protocol will only be 55% ready after the merger, which is expected to be completed in September.
However, the second phase of this update will allow Ethereum to process transactions faster. Currently, the core network can only process 15-20 transactions per second. The new Ethereum with sharding and rollup will be able to process up to 100,000 transactions per second. As mentioned, The Surge is only the second step in this process. So there’s a good chance the sequel is even more surprising.
Vitalik Buterin’s statement is only the continuation of a process that has already begun. However, he managed to upset, as all of his eyes were on The Merge. With all the changes that The Surge will bring, what does the sequel have in store for us, what does The Verge have in store for us?
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