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Ethereum in 2023: challenges and opportunities
Since the transition of the consensus algorithm from Proof-of-Work to Proof-of-Stake in the Ethereum network, users have not noticed any changes in the operation of the blockchain: the fees are still high, and the transaction speed has remained at approximately the same level. This is due to the fact that scaling has not yet been impacted by the update." Ethereum PoS Switch: What Will Change Now?
Ethereum’s recent switch to the Proof-of-Stake (PoS) model, coupled with a multi-phased upgrade, including the Beacon Chain, the Merge and Shard Chains, made headlines around the world. And for all the right reasons. The transition has been anticipated for many years due to several circumstances that we will shed light on in this article. Ethereum’s switch to PoS. Pros and cons
Ethereum is scheduled to switch from the Proof-of-Work (PoW) consensus algorithm to the Proof-of-Stake (PoS) algorithm in September 2022. The initiator of this transition was personally Ethereum founder Vitalik Buterin. According to him, the transition to the new algorithm will simplify and scale the mining process. 














