ETH CC: Crypto winter “reinforces” validity of blockchain, states 0x Labs worker

Both ongoing downturn across cryptocurrency markets, and Ethereum’s approaching merge were underneath the spotlight around the second day’s ETH Community Conference. The wider Ethereum community descended on Paris for that largest annual European Ethereum event, with key roleplayers, companies and people participating.

Related: Will Ethereum Merge hopium continue, or perhaps is it a bull trap?

Cointelegraph spoke to Jessica Lin, developer advocate for decentralized exchange infrastructure firm 0x Labs, to unpack the greatest speaking points within the ETH community. Regardless of the space ongoing to pass through a substantial market slump, Lin believes Ethereum still supplies a flexible and secure system which to construct, connect and monetize products and services:

“We’ve existed since 2016, we had the 2018 crash and recognized these occasions on the market permit rationalization and eventually reinforces the validity from the underlying blockchain system.”

The Ethereum ecosystem is placed to undergo its very own acidity test with the lengthy-anticipated escape from its current proof-of-work consensus protocol to some proof-of-stake-based system. The ETH 2.0 is earmarked to occur within the other half of 2022 and Lin believes the ecosystem is able to result in the shift:

“The effective merge around the Ropsten and Sepolia test nets raises hopes the mainnet merge in September goes well. We’re looking forward to it and we’re preparing ourselves too integrators that develop our platform.”

Lin also anticipates the Merge ought to be straightforward, with any potential challenges prone to promote themselves within the back-finish of decentralized applications running around the Ethereum blockchain.

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