Because the mud settled over the Ethereum community’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his ideas on its execution and potential for the long run.
Chatting with Cointelegraph’s Gareth Jenkinson on the Token2049 occasion, Ben-Sasson shared his ideas on the present state of affairs post-Merge and the way it impacts layer-2 initiatives like Starkware. Along with that, the manager additionally gave his ideas on the adoption and curiosity for layer-2 merchandise and the crypto winter.
Wanting again on the Ethereum Merge’s execution, Ben-Sasson rejoiced that the transition was flawless and stated issues occurred as they need to. The manager defined that:
“A very powerful factor is that it was executed flawlessly. The whole lot that was speculated to occur did occur. And not one of the issues that folks have been anxious about did occur. And that is terrific information.”
Moreover, the manager additionally highlighted the significance of the brand new Ethereum community being higher for the atmosphere. “It reduces the carbon footprint. That is the large factor, and it additionally bodes very nicely for the potential of future enhancements,” he stated.
Based on Ben-Sasson, the Merge additionally makes Ethereum a greater settlement layer and a extra pleasant platform for layer-2 options. The manager highlighted that this can be a crucial growth for his or her merchandise at Starkware as they might then supply scaling, compression of computation and different enhancements that their expertise can ship.
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Aside from the Ethereum Merge, Ben-Sasson additionally shared that a lot of the adoption and curiosity in Starkware options are with initiatives that have been additionally profitable within the layer-1 Ethereum. This contains nonfungible tokens (NFTs), blockchain gaming and decentralized finance (DeFi). Along with that, the manager shared his expectations for the long run. He stated that:
“I anticipate that in some unspecified time in the future, the power to run rather more huge computation with very low gasoline footprint will result in fully new and unexpected functions which might be going to be way more essential.”
With all the things that’s taking place, the manager additionally shared his perception that regardless of many individuals describing the crypto and blockchain house’s present state of affairs as a crypto winter, their group feels totally different. “We really feel it as spring in direction of the balmy summer season,” he stated.
