recently announced Merge After his statements, Ethereum started to be talked about a lot. On the one hand, the efficiency of the network is discussed, on the other hand, the expectations are quite high. Finally Bank of Americaif Ethereum published a focused report. In its report, the bank also shared its expectations, referring to Ethereum’s scalability and competitors.
According to Bank of America, Ethereum Will Be 99 Percent More Efficient After PoS Migration
The Ethereum Blockchain network currently uses the Proof of Work consensus mechanism. DeFiand NFT The Ethereum network, which is used very actively when it comes to ‘s, works with very low efficiency due to its PoW structure. Trying to switch to Proof of Stake as a solution, Ethereum is doing this in stages.
Merge, the first of these 5 phases, was recently announced. According to Bank of America Beacon ChainThe network, which will switch to PoS with
In addition to these, Bank of America, which includes other details in its report, Binance Smart ChainHe emphasized that Ethereum has taken a large market share due to the high scalability solutions of new Blockchain networks such as Tron, Avalanche and Solana.
