Cryptocurrencies
Ethereum Faces ‘Blockchain Trilemma’ as ‘Merge’ Mania Cools
- Crypto network transitioned to more energy-efficient system
- Network must now seek to implement major scaling upgrades
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After much celebration over the successful transition of Ethereum, the question remains what’s next for the most commercially-significant crypto project.
The long-awaited software revision, termed the Merge, shifted the blockchain from a so-called proof-of-work system to a more energy efficient proof-of-stake method for securing the network. There was no changes related to network transaction costs or speed, which are common gripes among Ethereum users.