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Because the mud settled over the Ethereum community’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his ideas on its execution and potential for the long run.
Chatting with Cointelegraph’s Gareth Jenkinson on the Token2049 occasion, Ben-Sasson shared his ideas on the present scenario post-Merge and the way it impacts layer-2 initiatives like Starkware. Along with that, the chief additionally gave his ideas on the adoption and curiosity for layer-2 merchandise and the crypto winter.
Wanting again on the Ethereum Merge’s execution, Ben-Sasson rejoiced that the transition was flawless and stated issues occurred as they need to. The chief defined that:
“An important factor is that it was executed flawlessly. Every thing that was alleged to occur did occur. And not one of the issues that individuals had been anxious about did occur. And that is terrific information.”
Moreover, the chief additionally highlighted the significance of the brand new Ethereum community being higher for the surroundings. “It reduces the carbon footprint. That’s the large factor, and it additionally bodes very properly for the potential of future enhancements,” he stated.
In line with Ben-Sasson, the Merge additionally makes Ethereum a greater settlement layer and a extra pleasant platform for layer-2 options. The chief highlighted that it is a essential improvement for his or her merchandise at Starkware as they may then provide scaling, compression of computation and different enhancements that their expertise can ship.
Associated: China GPU prices drop to new lows after the Ethereum Merge
Other than the Ethereum Merge, Ben-Sasson additionally shared that many of the adoption and curiosity in Starkware options are with initiatives that had been additionally profitable within the layer-1 Ethereum. This consists of nonfungible tokens (NFTs), blockchain gaming and decentralized finance (DeFi). Along with that, the chief shared his expectations for the long run. He stated that:
“I anticipate that sooner or later, the flexibility to run way more huge computation with very low fuel footprint will result in utterly new and unexpected purposes which are going to be much more necessary.”
With every little thing that’s occurring, the chief additionally shared his perception that regardless of many individuals describing the crypto and blockchain area’s present scenario as a crypto winter, their workforce feels totally different. “We really feel it as spring in the direction of the balmy summer season,” he stated.
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