Lido’s market dominance and Ethereum decentralization post-Merge By Cointelegraph

Lido’s market dominance and Ethereum decentralization post-Merge

Cryptocurrency Aug 04, 2022 12:40PM ET

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Lido’s market dominance and Ethereum decentralization post-Merge

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.

Various staking protocol balances as of May 2022. Source: Twitter (NYSE:TWTR)

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Going Green Aug 05, 2022 9:29PM ET

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Lido’s market dominance and Ethereum decentralization post-Merge

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