The Observer believes that decentralization is Ethereum’s core strength. Its global network of thousands of nodes provides a reliable and secure system that is resilient to single-point failures and censorship. Community governance through “suggestions for improving Ethereum” and the proliferation of “decentralized applications” further strengthen the decentralized ethic.
Ethereum 1.0 was unable to handle large transaction volumes, leading to congestion and high fees. To address this issue, Ethereum implemented layer 2 solutions such as Rollups and Plasma and is moving towards Ethereum 2.0. The latter includes sharding, which is designed to significantly increase transaction throughput by splitting the network into smaller pieces.
True, the expert notes that security remains a priority as Ethereum transitions from Proof of Work (PoW) to Proof of Stake (PoS), which, in his opinion, increases energy efficiency and security. Smart contract security is enhanced through best practices, formal verification, and an active developer community.
In the future, Ethereum will see further expansion of scalability through layer-three solutions, increased compatibility with other blockchains, and a commitment to decentralization. The author noted that this continued evolution positions Ethereum as a “cornerstone of innovation” in the blockchain space.
Source: Ferra
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