The crypto community was waiting for the Ether The Merge update and hoped that the speed indicators of the ecosystem would increase significantly. Since the merger, which took place on September 15, 2022, the daily number of confirmed blocks in the network has increased from 6 to 7.1 thousand.
Experts believe that validators in the Ethereum blockchain really began to validate transactions faster, but not as fast as most people expected. The nominal speed of the network has increased by 13 percent, but the expected 100% was not achieved. Therefore, Ethereum in terms of speed is still largely inferior to Cardano, Solana and Avalanche.
The Proof-of-Stake algorithm has reduced the power consumption of the ether system by 98 percent, but gas fees have remained high, which prevents the blockchain from dynamically scaling. On the eve of The Merge, quite a few people expected that a sharp jump would be in the price of Ether, but this did not happen. After the merger, Ethereum quotes fell from $1,700 to $1,400.
The disunity of the crypto community adds some problems. There are miners who have boycotted the transition to PoS and because of this, a few hard forks have been there. The most popular - EthereumPoW.
Experts told the Crypto.ru editors about the prospects for ETHPoW. The head of Listing.Help, Sergey Khitrov, said that on September 15, 2022, the asset quotes decreased by 75%, which indicates moderate hopes of the crypto community.
The specialist believes that the first months will be the most important for this project. The creators need to focus on attracting the target audience, as well as create a clear roadmap of progress. Otherwise, you should not think about the prospects of ETHPoW.
