Ethereum's Shanghai Upgrade: A Game Changer for ETH Holders?

1 min read
Source: CoinDesk
Ethereum's Shanghai Upgrade: A Game Changer for ETH Holders?
Photo: CoinDesk
TL;DR Summary

The upcoming Ethereum Shanghai hard fork, which will complete the transition to a proof-of-stake consensus system, will establish benchmark interest rates for blockchain-based money markets and change the landscape for ether (ETH) token holders, according to Zhuling Chen, CEO of blockchain services company RockX. The upgrade will make it easier to participate in the network's validation process while increasing security, lower fees and create more room for the network to handle more transactions. Chen said institutional investors see the event as more of a "trust vote" in the future of the blockchain.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

2 min

vs 3 min read

Condensed

81%

47492 words

Want the full story? Read the original article

Read on CoinDesk