A report by Ethereum Enterprise Alliance highlights how the Ethereum network developed to become a problem-solver in different industries. Still, the document also points out the ecosystem faces certain challenges.
, or in this case, the blockchain, into various smaller chains known as shards.
to handle Ethereum gas constraints and keep fees low. According to Brody, multiple powerful L2 networks will enable different options for enterprises that may require more gas and bigger transactions. He elaborated: In addition to scalability and privacy, sustainability concerns will be addressed once the Merge is implemented. According to Brakrac, Ethereum currently uses an inordinate amount of electricity, noting that the Merge will reduce energy usage by 99%. “This will make Ethereum very sustainable in the long run. By design, this further secures the network and resolves an environmental concern which is net positive from the institutional adoption standpoint,” he said.
Yorke Rhodes III, co-founder of blockchain at Microsoft and board member and treasurer of the EEA, further told Cointelegraph that the Merge will put to rest one of the main concerns for enterprises that have a big focus on environmental impact, such as Microsoft.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hive Blockchain explores new mineable coins ahead of Ethereum mergeHive started implementing beta-testing of various GPU-mineable coins, with an eye on the Ethereum Merge expected to occur later this month.
Read more »
Staked Ether Price Discount Widens to Most Since June Ahead of Ethereum MergeThe discount between Lido's staked ether token and ether has widened as the prospect of an Ethereum chain split draws demand for ETH. reports godbole17
Read more »
Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes – Sponsored Bitcoin NewsThe Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your
Read more »
The Merge: Ethereum upgrade Bellatrix is live, what comes next?Bellatrix has been implemented. Now all eyes are on Ethereum and waiting for The Merge in around a week's time.
Read more »
Ahead of the Merge, SEBA Bank Launches Ethereum Staking for Institutional InvestorsThe digital bank aims to tap into $190-billion Ethereum's market cap as the network moves from PoW to PoS protocol. The digital bank aims to tap into $190-billion Ethereum's market cap as the network moves from PoW to PoS protocol.
Read more »
Binance US launches low-barrier Ethereum staking ahead of The MergeWhere should you stake Ethereum? Binance US might've taken the top spot for those looking for APY.
Read more »