Lido’s market dominance and Ethereum decentralization post-Merge
Cointelegraph
Published Aug 04, 2022 09:13AM ET
Updated Aug 04, 2022 12:40PM ET
After a successful third testnet merge, Sept. 19 was recently proposed as the tentative target date for the Ethereum Merge. Ethereum is set to fully transition from proof-of-work (PoW), the original consensus mechanism used by the Bitcoin network, to the more energy-efficient proof-of-stake (PoS) used by younger networks like Solana and Cardano.
“The Merge won’t solve Ethereum’s scaling concerns on its own. It is just the beginning of a road map to achieve future scaling upgrades,” Jacob Blish, head of business development at Lido, shared with Cointelegraph.
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Written By: Cointelegraph
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