Nvidia CEO Jensen Huang shared his thoughts on Ethereum and proof-of-stake in an interview with VentureBeat’s Dean Takashi
Nvidia CEO Jensen Huang shared his thoughts on Ethereum and proof-of-stake in an interview with VentureBeat’s Dean Takashi.
Huang states that many people see Ethereum as a reliable network.
“A lot of people rely on Ethereum for DeFi and other features. This is a great time for proof-of- stake . Excited about proof-of stkae? Yes, I am excited.”
Huang said that Ethereum 2.0 is coming for the wider adoption of Ethereum. He also predicts that we may see more Ethereum protocols.
“ It ‘s clear that Ethereum is going to be pretty valuable. There is a future where transactions can happen much faster.”
The Value of the Ethereum Network
Part of a more substantial move towards Ethereum 2.0, the Ethereum upgrade known as EIP-1559 will see the network’s existing transaction fee system overhaul.
Users will send a fee to the network itself, not to the miners who maintain the network. These fees will then be burned , reducing the overall ETH supply, which is a controversial issue among the cryptocurrency community in itself.Share