Memories of the most important Shanghai investors in the early days of Ethereum
wublock.substack.com
Author: Feng Xiao, founder of Wanxiang Blockchain Editor: WuBlockchain Original link: https://mp.weixin.qq.com/s/-LbbuUN9i69ydcN2snchcQ On September 15, 2022, Ethereum will usher in another historical moment after the publication of the first white paper at the end of 2013 and the mainnet launch in July 2015 — “The Merge”. Ethereum’s consensus mechanism will switch from Proof of Work (POW) to Proof of Stake (POS). “The Merge” will reduce the energy consumption of Ethereum by 99%, the issuance of ETH by 90%, and the cost of “Gas” will be close to zero after merging through sharding and L2 (layer 2 protocol). While network security and health are completely unaffected,”The Merge” will help Ethereum with extremely flexible scalability and high performance of 100,000 per second in the next 3 years and 10 million per second in the next 10 years. This will further establish Ethereum as the universal infrastructure of the metaverse.
Memories of the most important Shanghai investors in the early days of Ethereum
Memories of the most important Shanghai…
Memories of the most important Shanghai investors in the early days of Ethereum
Author: Feng Xiao, founder of Wanxiang Blockchain Editor: WuBlockchain Original link: https://mp.weixin.qq.com/s/-LbbuUN9i69ydcN2snchcQ On September 15, 2022, Ethereum will usher in another historical moment after the publication of the first white paper at the end of 2013 and the mainnet launch in July 2015 — “The Merge”. Ethereum’s consensus mechanism will switch from Proof of Work (POW) to Proof of Stake (POS). “The Merge” will reduce the energy consumption of Ethereum by 99%, the issuance of ETH by 90%, and the cost of “Gas” will be close to zero after merging through sharding and L2 (layer 2 protocol). While network security and health are completely unaffected,”The Merge” will help Ethereum with extremely flexible scalability and high performance of 100,000 per second in the next 3 years and 10 million per second in the next 10 years. This will further establish Ethereum as the universal infrastructure of the metaverse.