Barry Silbert, founder of Digital Currency Group, said he is very excited about the Ethereum (ETH) Merge.
Making the statement on Twitter, Silbert used the following statements:
I'm genuinely excited about the Ethereum merge. Who would've guessed it?!?
— Barry Silbert (@BarrySilbert) July 26, 2022
“I’m pretty excited for the Ethereum merge. Who could have guessed that?”
The second largest blockchain after Ethereum’s transition to Proof-of-Stake will drastically reduce energy consumption. It is stated that efficiency will increase by 99%.
With key competitors such as Solana (SOL) and Avalanche (AVAX) emerging, it remains to be seen how the Ethereum upgrade will affect the second largest blockchain.
Scaling is critical for Ethereum to maintain its dominance in the industry.
According to Vitalik Buterin’s statement, after Merge, Ethereum will only be partially complete. Important updates will come in the future.
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