Charles Hoskinson: The Hype Around The Merge is Excessive

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According to Cardano founder Charles Hoskinson, the transition of the Ethereum network to the Proof-of-Stake consensus algorithm did not affect blockchain performance, transaction costs or liquidity.

He has said:

“ETH 2.0 requires at least a Shanghai hard fork in 2023. My prediction still hasn’t changed. Do you understand that nothing has changed?”

Hoskinson has reacted to the irony of a user who reminded the founder of Cardano of his prediction that Ethereum 2.0 should be expected in 2024. He made it clear that expectations were about the final product, and the merger was just another step towards it.

Activating The Merge lays the foundation for the next upgrade, Surge, which will allow Ethereum to process up to 100,000 transactions per second thanks to sharding technology.