StarkWare’s President Eli Ben-Sasson said last month’s merge event was like “watching the Webb Telescope unfold,” comparing Ethereum’s historic upgrade with the launch of the largest optical telescope in space.
It was “inspiring to see a complex process executed seamlessly when so many steps could’ve gone wrong,” and “the cost of failure could’ve been immense,” he added.
Last month, crypto’s second-largest crypto network by market capitalization transitioned from its energy-intensive proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) mechanism.
The upgrade was years in the making, too.
And besides cutting out mining from Ethereum and making the blockchain more environmentally friendly, it delivered a key message.
According to Ben-Sasson, it not only proved that Ethereum is capable of serious updates but also gave developers more confidence in their ability to execute the next parts of the upgrade and laid important groundwork for scaling solutions like StarkWare.
“The merge sets a precedent for further change on Ethereum,” Ben-Sasson told Decrypt. “That’s exciting for us, as we’re working on scaling in ways that have seemed to some hard to imagine. We now see that big changes are possible.”
StarkWare, the Israeli-based company which is developing Ethereum layer-2 scaling solutions StarkEx and StarkNet, aims to scale the network using zero-knowledge rollups, and is now bracing itself for some big updates, too, with two major…
