We spoke with Santos Barrio, CFO of Let’s Bit, who shared with Cointelegraph en Español his opinion and perspective on The Merge and the changes that can be expected from Ethereum in the future.
“Ethereum is one of the two truly decentralized networks in the world, where there are no entities or people capable of censoring them or definitively influencing their destiny, not even their founders. Although there are corporations with interests in Ethereum, as in any project of its size, none has the capacity to control the network, which is effectively governed by thousands of autonomous nodes around the world.
Santos Barrio, CFO of Let’s Bit
Saints said: “The merge makes Ethereum more scalable and sustainable. Scalable thanks to Sharding, a solution that allows Ethereum to store and access information more efficiently (through shard chains) improving its transaction verification process. Sustainable since the new consensus mechanism, proof of stake, does not require energy consumption in computers that process transactions (miners), which reduces energy consumption by more than 90%”.
“Lastly, the Merge is one of the most anticipated events in Crypto history. It was postponed several times, to the point that many actors considered that it would never happen or that its launch would be a technical failure. The success of the Merge allows us to enter a new stage of blockchain development”, concluded the CFO of Let’s Bit.
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