Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America

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Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America
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.BankofAmerica sees ethereum upgrades as significant technological accomplishments, but not necessarily more significant than those implemented by new blockchains. By willcanny99.

, will enable validators to withdraw staked ether and rewards that have been locked up.

Bank of America sees Ethereum upgrades as “significant technological accomplishments, but not necessarily more significant or advanced than those implemented by next-generation blockchains that have emerged as viable alternatives.” Ethereum’s “long-term viability” is dependent on the execution of its development roadmap, the report said. This includes the implementation of a sharding approach called, which aims to reduce the costs of transactions originating on scaling solutions and cut the processing and storage requirements for validators.

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