{"id":32223,"date":"2022-07-20T15:52:59","date_gmt":"2022-07-20T19:52:59","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=32223"},"modified":"2022-07-20T15:53:02","modified_gmt":"2022-07-20T19:53:02","slug":"vasiliy-shapovalov-talks-about-ethereums-future-at-ethcc","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/vasiliy-shapovalov-talks-about-ethereums-future-at-ethcc\/","title":{"rendered":"Vasiliy Shapovalov talks about Ethereum’s future at EthCC"},"content":{"rendered":"\n
According to Vasiliy Shapovalov, the enormity of the move to proof-of-stake could pose complications that were not anticipated.<\/h5>\n\n\n\n
\"Vasiliy
Vasiliy Shapovalov talks about Ethereum's future at EthCC<\/figcaption><\/figure>\n\n\n\n

Shapovalov is a co-founder of Lido and places a strong emphasis on technical advancements, including creating the algorithm and creating the withdrawal protocol following the Merge<\/a>. Updating governance rules and enhancing algorithms for validator selection are secondary goals.<\/p>\n\n\n\n

Since the price of Ethereum has increased by 48 percent just before the impending Merge upgrade, which will transform the blockchain into one driven by proof-of-stake consensus, crypto aficionados are finally seeing some relief from the prolonged bear market. As a result, during the yearly Ethereum Community Conference, or EthCC\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, in Paris, one of the most hotly debated subjects is the future of Ethereum.<\/p>\n\n\n\n

Shapovalov responded that the trend is one of growing consolidation and that certain Layer-two solutions would become redundant as a result of the new upgrade, which speeds up on-chain transactions. When asked about his predictions for Ethereum's position in the cryptocurrency ecosystem over the next two years. Shapovalov <\/a>experiences a mix of exhilaration and anxiety:<\/p>\n\n\n\n

\u201cThe Merge upgrade is like changing the engine on a plane mid-flight. We are overhauling everything from the consensus algorithm to the execution environment. We know some implications of this change on elements like blockchain security, but it\u2019s not guaranteed.<\/p><\/blockquote>\n\n\n\n

But the co-founder of Lido<\/a> was upbeat about the upgrade: “A proof-of-stake economy the size of Ethereum now, with a new level of competition, financialization, and new investment opportunities. It will be quite frightening, but let's wait and see.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Vasiliy Shapovalov, the enormity of the move to proof-of-stake could pose complications that were not anticipated. Shapovalov is a co-founder of Lido and places a strong emphasis on technical advancements, including creating the algorithm and creating the withdrawal protocol following the Merge. Updating governance rules and enhancing algorithms for validator selection are secondary […]<\/p>\n","protected":false},"author":38,"featured_media":32226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[10956],"class_list":["post-32223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethcc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/07\/lido-finance-tokens-defi-ai-gID_6.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/32223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=32223"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/32223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/32226"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=32223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=32223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=32223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}