Published on: June 23rd, 2022 • Duration: 43 minutes
Ethereum is nearing the end of a multi-year initiative to overhaul its consensus mechanism. But seamlessly migrating an operating protocol from proof-of-work (PoW) to proof-of-stake (PoS) is not a simple task. Galaxy Digital's Christine Kim joins Real Vision's Ash Bennington to explain how developers plan to bring PoS to Ethereum via a “merge” of Ethereum's Mainnet and the Beacon Chain. Challenges and risks attend this kind of transition. But there are also many advantages, such as improved scalability and less centralization. What's next for Ethereum as we enter into a new era? Christine and Ash also talk about the bear market’s impact on the crypto ecosystem and Lido's staked ETH tokens (stETH). Recorded on June 17, 2022.