Global blockchain market leaders such as Vitalik Buterin Ethereum (ETH) co-founder and Ilya Poloskinneer Protocol (NEAR) co-founder visited Seoul.

This is to participate in the Korea Blockchain Conference Biddle Asia Conference, which will be held offline for the first time in three years after the COVID-19 crisis, to discuss the future of the virtual asset industry.

On the 4th, the first day of the event, domestic and foreign blockchain industry leaders, including co-founder Vitalik Buterin, Ilia Polosukhin, and DSRV CEO Kim Ji-yoon, gave a session lecture.

Conversion of Ethereum Proof of Equity (PoS) is expected to take place at the end of September

Vitalik Buterin, co-founder of Ethereum, was the first keynote speaker. Under the theme of “The future of the Ethereum base layer,” Buterin Co-founder expressed his thoughts on the upcoming conversion of Ethereum Equity Proof (PoS) and coexistence between Layer 1 (L1) chains and Layer 2 (L2) protocols.

“The conversion of Ethereum’s stake proof is the result of efforts over the past seven years,” he said. “If the merger proceeds soon, all transactions of all accounts will be migrated (converted) to equity proof.”

He added, “If the migration of equity certificates proceeds, all PoWs will be terminated and upgrades such as data sharding will be carried out, and then scalability will be strengthened to build a stronger decentralized platform.”

By fonuder

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