This article I've read said that Ethereum used to be seen as bitcoinβs little brother. Now, things have changed.
However, users are being forced to pay high "gas fees" to make transactions due to technical difficulties with the Ethereum network. I'm experiencing difficulties because of high gas fees, trying to resolve this problem thanks to Metis and similar platforms.
That may be about to change when Ethereum transitions to a new standard that proponents claim would improve its efficiency. As you can guess it refers to ETH 2.0.
Ethereum is finally closing in on its shift to proof-of-stake, and changes to gas fees that should give its cryptocurrency a boost, analysts say β even as rival DeFi blockchains chase at its heels. The move to proof-of-stake should also reduce congestion, another reason analysts are bullish.
The number of transactions is inversely proportional to the price of gas. We should expect a rise in smaller transactions if we expect gas costs to decline, boosting network utility and driving pricing up.
What do you think about Ethereum's ETH 2.0 shift to proof-of-stake?
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