Post Merge, Ethereum developers focus on scaling solutions and withdrawals from staking assets

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Ethereum developers are likely to breathe a sigh of relief now that the green blockchain merge upgrade is live and running. The creators will likely shift their focus to solving other Ethereum-related issues that would further refine its work and use cases. Blockchain scaling solutions and opening plugged asset withdrawals are two key areas of focus that could reportedly fuel developer intrigue. One main goal is to allow Ethereum users to extend their dependency on the blockchain for multiple use cases.

Now, a report from The Block claims that Ethereum’s revamped Proof-of-Stake (PoS) mechanism will soon support scaling solutions.

In an interview in July, Ethereum co-founder Vitalik Buterin had said that Ethereum’s capabilities could be scaled from the regular 15-20 transactions per second to 100,000 transactions per second. Reaching this point is the next big goal for Ethereum developers.

Proto-thanksharding, sharding, introducing Proposer Builder Separation (PBS) and reducing overall history and memory requirements for validators are the four processes in the pipeline for further Ethereum development.

Proto-thanksharding would introduce data blobs to increase the amount of data Ethereum blocks can hold and make transaction costs 100x cheaper on Ethereum Layer 2 chains. Layer 2 protocols enable cheaper transactions while providing the security benefits of the Ethereum base layer.

With sharding, the goal is to make processing large numbers of transactions cheaper by batching them onto the main blockchain.

While the PBS concept will ensure an adequate number of validators for decentralization and data availability sampling on the post-sharded Ethereum network, changing the overall history and storage requirements for validators would make running a validator more cost-effective.

All of this combined will eliminate Ethereum’s reliance on centralized networks and maintain its decentralized quality, The Block said.

Launched on September 15th, the merge upgrade to Ethereum makes the most commercialized blockchain green.

The merger was first proposed in 2014. Developers have been conducting extensive testing on Ethereum overhaul over the years as the decentralized finance (DeFi) apps are reportedly worth over $100 billion (about Rs.7.611 trillion) and supported on the blockchain cannot be endangered.

While PoS mining operations use randomly selected miners to validate transactions, PoW mining requires a competitive validation method to confirm transactions and add new blocks to the blockchain. Therefore, PoW mining operation is more expensive to maintain.



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