Because the dust settled within the Ethereum network’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founding father of Starkware, gave his ideas on its execution and potential for future years.
Talking with Cointelegraph’s Gareth Jenkinson in the Token2049 event, Ben-Sasson shared his ideas around the unique circumstances publish-Merge and just how it impacts layer-2 projects like Starkware. Additionally to that particular, the manager also gave his ideas around the adoption and interest for layer-2 products and also the crypto winter.
Searching back in the Ethereum Merge’s execution, Ben-Sasson rejoiced the transition was perfect and stated things happened because they should. The manager described that:
“The most significant factor is it was performed flawlessly. Exactly what was designed to happen did happen. And none of what everyone was concerned about did happen. And that is terrific news.”
Furthermore, the manager also highlighted the significance of the brand new Ethereum network being better for that atmosphere. “It cuts down on the carbon footprint. That’s the large factor, and in addition it bodes perfectly for the potential for future enhancements,” he stated.
Based on Ben-Sasson, the Merge also makes Ethereum a much better settlement layer along with a more friendly platform for layer-2 solutions. The manager highlighted that this can be a essential development for his or her products at Starkware because they could then offer scaling, compression of computation along with other enhancements their technology delivers.
Related: China GPU prices drop to new lows following the Ethereum Merge
In addition to the Ethereum Merge, Ben-Sasson also shared that the majority of the adoption and curiosity about Starkware solutions are with projects which were also effective within the layer-1 Ethereum. Including nonfungible tokens (NFTs), blockchain gaming and decentralized finance (DeFi). Additionally to that particular, the manager shared his expectations for future years. He stated that:
“I expect that sooner or later, the opportunity to run a lot more massive computation with really low gas footprint can result in brand-new and unforeseen applications that will be much more important.”
With everything else that’s happening, the manager also shared his thought that despite lots of people describing the crypto and blockchain space’s unique circumstances like a crypto winter, their team feels different. “We feel it as being spring for the balmy summer time,” he stated.
