Proponents Fix Their Gaze On Ethereum's Switch To PoS And The Groundbreaking Changes it Promises.
07 Jan 2022, 08:00
Proponents Fix Their Gaze On Ethereum’s Switch To PoS And The Groundbreaking Changes it Promises
Ethereum, the network housing the second-largest cryptocurrency by market cap is top on investors’ list, for the most promising network this year, and rightfully so, given how promising the network has shown itself to be in the past year. Ethereum’s relevance in the market skyrocketed significantly last year, and according to analysts, the multiple EIP upgrades the network launched last year added to its credibility as a deflationary asset, making it sounder money than even Bitcoin.
The merge, which is scheduled for this year will see Ethereum replace the proof-of-work mechanism with the proof-of-stake, and key players are betting big on the upgrade.