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BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position

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.BankofAmerica says Ethereum's move to PoS will decrease its energy consumption by over 99%, lower barriers to entry for investors to generate yield as network validators and alter ETH's supply/demand dynamics. willcanny99 reports.

, the first of five planned updates for the blockchain, will combine Ethereum’s existing execution layer with the Beacon Chain, a PoS consensus layer, the report said.

“PoS decreases Ethereum’s energy consumption by over 99%, lowers barriers to entry for investors to generate yield as network validators and alters ETH’s supply/demand dynamics,” the bank said, referring to the system’s ether token. The transition also acts as a precursor for the “Surge,” the second of the planned upgrades, the note said. That will aim to improve Ethereum’s throughput from around 15 transactions per second to about 100,000 TPS while reducing transaction fees, it added.

Without the scalability improvements, Ethereum is unlikely to remain as the dominant blockchain operating system, the bank said. Bank of America notes that newer blockchains such as Binance Smart Chain , Tron, Avalanche and Solana have

 

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BankofAmerica willcanny99 And yet through all of this noise you mention, it's still unsound centralized money & a completely overvalued tech stock.

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