The echoes of the Merge merger, which took place successfully on the Ethereum (ETH) network last week, are still being talked about in the market. With the merger of Merge, it is aimed to increase the efficiency of the ETH blockchain and make the network more scalable. However, the market is divided on this issue. While some experts argue that the Merge merger will not solve Ethereum's scalability problem anytime soon, other experts think that Merge can solve this problem.
One of the people who argues that Merge will not solve the scalability problem of Ethereum anytime soon is Solana (SOL) Labs Co-Founder Anatoly Yakovenko. Speaking to Bloomberg Technology, Solana co-founder said that Merge has been minimally effective in solving ETH's scalability issue.
“Ethereum Merge does not really improve the scalability of the network. When you look at the number of transactions Solana processes from applications and users on a daily basis, this figure is more than just Ethereum, it is more than the sum of all Ethereum-based blockchains. In this context, Ethereum has a long way to go when it comes to scalability. I think there is a way."
Acknowledging that the Merge merger has had a positive impact on the cryptocurrency market, Yakovenko stated that it will increase capital inflows into ETH.
“I am really excited that Ethereum is moving to PoS because it will finally clear up the discussion about whether the PoS system is safe for us or not. I also think that the successful completion of the Merge merger of Ethereum really proves and will prove to everyone that this technology is now mature enough to handle huge capitalization. "
Unable to catch the price performance expected from the Merge merger, Ethereum has fallen by 14% in the last 7 days. At the time of writing, ETH is trading at $1,348.