MAINTENANCE – Joseph Lubin, the co-founder of Ethereum and CEO of Consensys, details the implications of Ethereum’s protocol change on the ecosystem and on the ether monetary supply.
LE FIGARO.- What will be the main impacts of the new protocol for the Ethereum ecosystem?
Joseph LUBIN. – The main impact with “The Merge” is first of all an unprecedented gain in energy efficiency, with a reduction in the carbon footprint of 99.5%, linked to the reduction in the energy demanded by the blockchain.
We are also increasing the diversity and decentralization of the network, going from a system that has less than 10,000 independent “validator nodes” to a system that has more than 400,000 “validators”. This decentralization is the source of trust in the blockchain. In a massively decentralized network like the one we have set up, it is economically very costly to want to disrupt the history of the ecosystem.
The “merger” sort of eliminates any form of resistance to using Ethereum. By increasing both the scalability of the blockchain, the decentralization of the network, which is actually an increase…
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