BofA Says Ethereum Needs Scalability Improvements to Hold Its Market Position

, 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

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

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Real estate market shifting as inflation, interest rates rise'We're finally seeing price reductions for the first time in a long time,' Sara Coers, Associate director of IU's Center for Real Estate Studies said.
Källa: wrtv - 🏆 598. / 51 Läs mer »

While the Bear Market's Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low – Altcoins Bitcoin NewsETH prices are much lower, but the bear market has given way to the lowest ethereum network fees in months.
Källa: BTCTN - 🏆 531. / 51 Läs mer »

XRP & Cardano (ADA) Need This To Hold On to Conquered Places in Market Cap TopICYMI: there is a loophole that could allow $XRP and $ADA to move at least two places higher in market cap top Cardano Ripple ADA XRP XRPArmy
Källa: Utoday_en - 🏆 295. / 63 Läs mer »