The Bank of America research states that while Ethereum’s move from Proof-of-Work (PoW) to Proof-of-Stake (PoS) does not directly solve issues with the blockchain’s sustainability or high transaction fees, it does have implications that go beyond merely serving as a precursor to the Surge. The Surge is made possible by The Merge, the first of five improvements scheduled for the Ethereum network. Investors Prohibited From Buying Tokens Some institutional investors who were previously prohibited from purchasing tokens that operate on blockchains employing PoW consensus techniques may now be allowed to acquire Ether (ETH) for the first time. It is because of the significant decrease in energy usage that followed the Merge, according to the research. According to analysts Alkesh Shah and Andrew Moss, “The ability to stake ETH and generate a higher-quality yield (lower credit and liquidity risk) as a validator or through a staking service rather than on block-box lending/borrowing applications may also drive institutional adoption.” Web3 Ecosystem Of DApps According to the Bank of America, the Web3 ecosystem of decentralized applications (dApps) might potentially be impacted by a higher-quality return. DApps are applications that employ blockchain technology to protect user data from being in the hands of the companies who created them. The bank stated that for a decentralized insurance protocol like Nexus Mutual to be a viable sub...
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