What will Ethereum's next upgrade mean for institutional investors?
Pre-fork publicity hasn’t matched that surrounding last autumn’s change of consensus mechanisms from proof-of-work to a proof-of-stake . “This time, we won’t have a war room,” Freddy Zwanzger, Ethereum ecosystem lead at Blockdaemon, told Cointelegraph. Still, “there’s always risks” when one reshuffles the deck like this.
According to Rosenblum, “Once the PoS network is fully operational, more institutions will feel comfortable holding ETH, especially once the staking yield becomes more accessible.” “The battle to keep Ethereum sufficiently and properly decentralized is probably one of the most important ones out there in terms of governance and organization,” Brody told Cointelegraph. If any single staking partner were to have 33% of the ecosystem, that “could potentially — and I say potentially — have an impact on transaction finality, although you would get slashed for doing so.
“I don’t think this is going to become a problem as long as we can keep the centralized [cryptocurrency] exchanges at bay.”One might wonder why decentralized digital networks are even important for commerce and society. Cointelegraph posed this question to EY’s Brody, who believes that public blockchains, especially Ethereum’s, “are going to be the big global winners,” with the caveat that public blockchains will first need to be “privacy-enabled.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum staking deposits dip due to regulatory pressure and Shapella upgradeEthereum staking deposits have started to slow as investors wait for the Shapella upgrade amid a backdrop of regulatory pressure in the US.
Read more »
Ethereum Might See $100 Million in Daily ETH Withdrawals After Shapella, Data SuggestsEthereum braces for massive daily ETH withdrawals of up to $100 million in Shapella aftermath $ETH ShanghaiUpgrade
Read more »
Ethereum's 'Shapella' Upgrade Nears; U.S. Treasury Outlines Illicit Finance Risks Associated with DeFiEthereum developers have started to refer to the blockchain’s upcoming hard fork – in this case, a key upgrade – as “Shapella.” Ether Capital CEO Brian Mosoff joins the conversation ahead of the two major Ethereum network upgrades expected to occur simultaneously on April 12. Plus, TRM Labs Head of Legal and Government Affairs Ari Redbord discusses the Treasury Department's first analysis of illicit finance risks associated with DeFi.
Read more »
Pre-Shapella Ethereum is burning ETH at a rate of $5.5 billion per yearGoing into Ethereum's high-profile 'Shapella' upgrade, the smart-contract protocol is burning ether at a rate of $5.5 billion per year.
Read more »
Bybit Adds Staked Ether (stETH) to Unified Trading Account as Shapella Upgrade ApproachesWith new functions, traders can make most of their Ether (ETH) funds with no need to withdraw them from staking modules
Read more »
BNB Greenfield hits testnet, decentralized storage coming to BNB ChainBNB ecosystem releases its decentralized storage solution BNB Greenfield to testnet.
Read more »