Eli Ben-Sasson, the co-founder of Starkware, recently expressed his views on the Ethereum network’s transition to proof-of-stake (PoS) and its potential for the future. Speaking at the Token2049 event, Ben-Sasson discussed the impact of the transition on layer-2 projects like Starkware and shared his thoughts on the adoption of layer-2 products and the state of the crypto market.
Reflecting on the execution of the Ethereum Merge, Ben-Sasson was pleased with how smoothly the transition went. He emphasized that everything happened as expected and praised the flawless execution. He also highlighted the environmental benefits of the new Ethereum network, stating that it reduces the carbon footprint and opens up possibilities for future improvements.
Ben-Sasson further emphasized that the Merge strengthens Ethereum’s position as a settlement layer and makes it a more favorable platform for layer-2 solutions. This development is particularly crucial for Starkware’s products as it enables them to offer scalability, computation compression, and other enhancements provided by their technology.
Regarding adoption, Ben-Sasson noted that most of the interest in Starkware solutions comes from projects that have been successful on the layer-1 Ethereum network, such as NFTs, blockchain gaming, and DeFi. He also shared his optimism for the future, expressing confidence in the continued growth and development of the industry.
Despite some describing the current state of the crypto and blockchain space as a crypto winter, Ben-Sasson and his team at Starkware view it as a season of renewal. They see it as a transition from winter to a warm and promising summer, filled with opportunities for innovation and progress.