Speaking at the Ethereum Community Conference (EthCC) held in Paris, Vitalik Buterin made statements about Proof of Stake (PoS), where Ethereum (ETH) will make a complete transition from proof of work to proof of stake.

Expressing that the merger will have long-term and short-term consequences, Vitalik stated that after the merge, he can create an Ethereum client that does not even know the proof of the working phase. Vitalik Buterin said:

   “At the end of this roadmap, Ethereum will be in a much more scalable system. Eventually, it will be able to process 100,000 transactions per second on Ethereum.”

Buterin noted that profound changes to the network will include “Monetary policy, Security model and Transaction inclusion process.” Finally, let's take a look at the state of Ethereum. According to CoinGecko data; At the time of writing, ETH is trading at $1,497.17.

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Vitalik Buterin talks about the benefits of zero knowledge proof after Polygon zkEVM solution

The Ethereum co-founder stated that the biggest advantage of zk-rollups is that it speeds up the process of users depositing and withdrawing assets. He emphasized the difference from Optimistic-rollups in that developers using zk-rollups will no longer wait for the usual seven-day period to deposit and withdraw their assets. Also, Buterin noted that zk-rollups offer more security than traditional Optimistic-rollups.

Latest Situation in Ethereum (ETH) Price

Ethereum price was recorded as $1.56 at the time of writing, according to CoinGecko data. The last 24-hour trading volume of the leading altcoin Ethereum (ETH) was $20,075,538,358, while ETH price is up 0.1% in the last 24 hours. There is a supply of 120 Million Ethereum (ETH) in circulation and a total supply of 120 Million Ethereum (ETH). Binance is currently the most active market where Ethereum (ETH) is traded.