Ether (ETH) price has been on a downward spiral since co-founder Vitalik Buterin showed up at the StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that various Team conflicts caused the proof-of-stake migration to delay its launch..
As reported by Cointelegraph, ‘Phase One’, which introduces scalability through fragmentation, has been postponed until 2022. Additionally, DeFi’s Inherently decentralized nature might not be entirely beneficial because fragmentation style processing would need to execute transactions through a relay chain.
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