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Because the mud settled over the Ethereum community’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his ideas on its execution and potential for the longer term.
Talking to Cointelegraph’s Gareth Jenkinson on the Token2049 occasion, Ben-Sasson shared his ideas on the present scenario post-Merge and the way it impacts layer-2 tasks like Starkware. Along with that, the chief additionally gave his ideas on the adoption and curiosity for layer-2 merchandise and the crypto winter.
Wanting again on the Ethereum Merge’s execution, Ben-Sasson rejoiced that the transition was flawless and stated issues occurred as they need to. The chief defined that:
“Crucial factor is that it was executed flawlessly. All the pieces that was purported to occur did occur. And not one of the issues that folks have been fearful about did occur. And that is terrific information.”
Moreover, the chief additionally highlighted the significance of the brand new Ethereum community being higher for the atmosphere. “It reduces the carbon footprint. That’s the massive factor, and it additionally bodes very properly for the potential of future enhancements,” he stated.
In keeping with Ben-Sasson, the Merge additionally makes Ethereum a greater settlement layer and a extra pleasant platform for layer-2 options. The chief highlighted that it is a crucial growth for his or her merchandise at Starkware as they might then provide scaling, compression of computation and different enhancements that their know-how can ship.
Associated: China GPU prices drop to new lows after the Ethereum Merge
Other than the Ethereum Merge, Ben-Sasson additionally shared that a lot of the adoption and curiosity in Starkware options are with tasks that have been additionally profitable within the layer-1 Ethereum. This contains nonfungible tokens (NFTs), blockchain gaming and decentralized finance (DeFi). Along with that, the chief shared his expectations for the longer term. He stated that:
“I anticipate that in some unspecified time in the future, the power to run far more large computation with very low gasoline footprint will result in fully new and unexpected functions which can be going to be much more vital.”
With all the things that’s occurring, the chief additionally shared his perception that regardless of many individuals describing the crypto and blockchain area’s present scenario as a crypto winter, their workforce feels completely different. “We really feel it as spring in the direction of the balmy summer time,” he stated.
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