#EthereumFuture | The Future of Ethereum in the World of Cryptocurrencies
Since its launch in 2015, Ethereum has not only been a cryptocurrency but an ambitious project aiming to forever change the shape of the internet and smart contracts. Today, with ongoing updates and a clear vision from the development team, a promising future looms for this smart network.
1. Ethereum After The Merge
One of the most important turning points in Ethereum's journey was the transition from Proof of Work (PoW) to Proof of Stake (PoS), which reduced energy consumption by over 99%. This step was not only environmental but paved the way for a more efficient and scalable system.
2. Layer 2 and the Future of Scalability
With the increasing demand for the Ethereum network, Layer 2 solutions such as Arbitrum and Optimism have emerged to provide faster and cheaper transactions. These projects are expected to play a key role in supporting millions of users and decentralized applications without congesting the main network.
3. Decentralized Applications and Web3
Ethereum leads the Web3 revolution, where users can own their data and interact with the internet freely without intermediaries. From decentralized finance (DeFi) to NFTs and blockchain-based games, all rely on the Ethereum network as a fundamental infrastructure.
4. Ethereum as a Store of Value?
In light of ongoing updates and the improvement of Ethereum's economic model, some have begun to view it as a potential store of value like Bitcoin.