In particular, Solana Labs Co-Founder Anatoly Yakovenko believes the Merge has minimal impact on improving Ethereum’s scalability based on the number of transactions and users, he said during an interview with Bloomberg Technology on September 21.
Merge to attract capital inflow
However, Yakovenko stated that the Merge is a positive aspect for the crypto sector, noting that it will bring some clarity, especially on the security of Proof-of-Stake (PoS) protocols, alongside attracting capital inflow. Notably, the Merge upgrade is projected to increase scalability on Ethereum’s network with the help of sharding in return, increasing throughput and potentially reducing transaction costs and time.
Ethereum’s future upgrades
However, the scalability is expected to be achieved with other lined-up Ethereum future upgrades. Notably, at the moment, the network is focusing on the Shanghai upgrade set to introduce fundamental changes to Ethereum virtual machine functionalities. At the same time, Ethereum’s dominance as a decentralized finance (DeFi) crypto project has faced threats from platforms like Solana, also dubbed ‘Ethereum killer.’ In this line, a section of the crypto sector believes that ‘Ethereum killers’ will likely stand out as layer-2 protocols meant to complement Ethereum. Watch the full interview below:
