'Unquestioned arena for almost all large players': NorthRockLP praises post-Shanghai Ethereum $ETH
Former Maverick Capital officer and founder of North Rock Digital Hal Press is sure that the current outstanding position of Ethereum in Web3 is deeply rooted in years of experiments and development.Ethereum became an"unquestioned arena" for all top-tier on-chain players in the segment. This only became possible thanks to years-long hard work of its developers and should not be attributed to short-term speculative catalysts.
Important to recognize what is happening in the Ethereum ecosystem recently is more than just a flash in the pan of retail deciding to speculate. This is the culmination of many years of the highest quality dev work in the space. Capped off with Shanghai last month, ETH is now…Press praised Ethereum developers high in his tweet yesterday, May 5, 2023. He also highlighted the role of the successful Shanghai upgrade in ETH supremacy.
The Shapella upgrade took place April 12, 2023. It made it possible to withdraw Ethers from its proof-of-stake deposit contract. Many experts called this update the most important milestone of Ethereum's journey from proof of work toward the proof-of-stake consensus. It is also of paramount importance for ETH tokenomics as the second largest crypto asset.
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