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