Ethereum
Acquired
Navigating Ethereum's Challenges and Opportunities
This chapter examines the congestion issues plaguing the Ethereum network, driven by the surge in decentralized finance and NFTs, and discusses the proposed solution of sharding to alleviate these challenges. It also investigates Ethereum's position in the blockchain landscape, the scalability trilemma, and the importance of composability, while weighing the implications of rising gas fees against competing platforms. Through these discussions, the chapter illustrates the delicate balance between Ethereum's foundational strengths and its future scalability amid competition and technical difficulties.
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