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Binance CEO Changpeng Zhao Names One Upgrade That Will Be Earth-Moving for Ethereum – And It’s Not the Merge

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Binance crypto exchange CEO Changpeng Zhao says that while the transition of Ethereum (ETH) to the proof-of-stake (PoS) consensus mechanism is progress in the right direction, it is not “earth-moving.”

Zhao says in a new Crypto Banter interview that the revolutionary change that Ethereum could make is lowering transaction costs and enhancing scalability through sharding.

“I think it’s [Ethereum transitioning to PoS] very important. But I don’t think it’s a fundamental change. There are other blockchains that are PoS already. There are other blockchains that are staking, deflationary…

I think all of this is important, but it’s not like earth-moving. But it’s definitely progress in the right direction.

I think what will be earth-moving is when the fees drop, when the sharding kicks in and when they can go live with sharding. That’s a much harder problem to solve.”

Sharding is the process of splitting Ethereum’s infrastructure into smaller pieces called shards in an effort to distribute the load and increase the blockchain’s scalability.

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