• Ethereum is doing well and Vitalik Buterin is confident another bull run is on its way.
• However, Buterin insists that crypto scaling issues need to be fixed before it arrives.
• The Shapella upgrade has attracted the attention of Wall Street and institutional investors.
Ethereum Doing Well
Ethereum is doing quite well and hogging up the spotlight considering it just went through its Shapella upgrade. Co-founder of ETH, Vitalik Buterin, is confident another bull run is on its way.
Crypto Scaling Issues
However, Buterin insists that crypto scaling issues need to be fixed before the next bull run arrives or else it will suffer from high transaction fees. It’s unclear if he’s planning for this to be part of the next big upgrade which hasn’t officially been announced yet. Thus far, the currency has endured two major upgrades over the course of eight months with the most recent being The Merge which allowed Ethereum to become eco-friendlier in that it used far less energy, transactions became less expensive, and the network moved much quicker.
The Shapella upgrade has unlocked staked currency units that are now available for withdrawal as well as attracted attention from outside parties who think this could potentially attract Wall Street and other institutional investors into digital assets becoming mainstream in majority funds.
Buterin commented that his immediate focus after this would be going to be scaling so that people aren’t stuck paying $500 transaction fees during any future bullish runs.
In conclusion, Ethereum’s success and popularity have grown greatly due to recent upgrades such as The Merge & Shapella Upgrade and Vitalik Buterin plans to address future crypto scaling issues before a potential new upcoming bullish run can occur while also attracting bigger investors into cryptocurrency investments overall.