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Ethereum After the Upgrade: Has It Become the True King of Crypto?
After the "The Merge" upgrade in 2022, which transitioned Ethereum from a Proof of Work system to a Proof of Stake system, the network became faster and consumed 99.95% less energy. This step was monumental and paved the way for future expansions like the "Sharding" updates that will allow the network to handle thousands of transactions per second. Moreover, Ethereum is the foundation for most DeFi projects, smart contracts, and NFTs, making it the backbone of Web 3. With the ecosystem around it evolving, many people now see Ethereum not just as a competitor to Bitcoin, but as something that could potentially surpass it one day due to its wide practical use. However, at the same time, there are still challenges like high gas fees and updates that take time, so will Ethereum be able to maintain its lead?