Ethereum founder Vitalik Buterin delivered a speech entitled “The Great Merger: Refactoring Ethereum with Vitalik Buterin”, talking about the benefits, difficulties and problems of Ethereum’s merger.
According to Vitalik, PoS consumes 99.95% less electricity compared to PoW’s consensus mechanism. The strong consensus design and parallel confirmation make the attack chain more difficult, easier to upgrade, and reduce token issuance requirements, all of which bring better stability to Ethereum.
In the future of Ethereum to improve scalability, user experience, security issues and privacy, Vitalik has thought of several solutions, such as danksharding, to improve the Ethereum base layer by adding a lot of data space.