$ETH Ethereum's future looks promising, with several developments and upgrades on the horizon. Here are some key points to consider¹ ² ³:
- *Scalability Solutions*: Ethereum is working on improving scalability through sharding and Layer 2 solutions like rollups and sidechains. This will enable faster transaction processing and lower fees.
- Ethereum 2.0: The transition to Proof-of-Stake (PoS) consensus mechanism, known as "The Merge," has already reduced energy consumption by over 99% and improved network security.
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- *Decentralized Finance (DeFi)*: Ethereum's smart contract functionality makes it an ideal platform for DeFi applications, which could drive further adoption and growth.