Crypto Developments to Watch Out for in 2023
While not on a massive scale yet, 2023 saw crypto take more steps into mass adoption.
While not on a massive scale yet, 2023 saw crypto take more steps into mass adoption.
Many have long held onto the thought that the emergence of Ethereum 2.0 is bound to solve the slow speed and high gas fees of the present PoW consensus model. As revealed by the Ethereum Foundation, this is absolutely false.
The emergence of Ethereum 2.0 is billed to change a lot of things for Ethereum in the coming days and while the merits are innumerable, there are also defined demerits that can surface.
Ethereum developers successfully conduct the Merge upgrade on the Sepolia public testnet. However, they still encountered minor hiccups during the launch.
The launch of Bitmain AntMiner E9 comes a year after the announcement. Also, the launch comes just before Ethereum’s move to the Proof-of-Stake blockchain raising doubts over its future sales.
The Ropstem Merge upgrade shall be a critical step to check whether the client software on the Ethereum nodes perform normally and without any bugs.
Balancer worked along with decentralized investment platform Conjunction X to deploy a decentralized exchange (DEX) that will compete within the Optimism ecosystem.
The many tests that the proposed Ethereum 2.0 is being subject to are such that there can be no hitches when the PoS consensus model is finally fully in play.
The shadow fork will allow Ethereum developers to test some key features for the Ethereum 2.0 Proof-of-Stake blockchain. This is like stress-testing the new upcoming software.
It does not come as a surprise that Goldman Sachs is lending support for Ethereum as the digital currency is arguably one of the most revolutionary digital tokens around today.