Tezos Vs Ethereum 2.0 - MadFish Solutions Looks Beyond The Merge
Despite the surface-level similarities, the two blockchains will remain distinct, with Tezos maintaining some meaningful advantages.
200 words, 1 minute read
The long-anticipated Ethereum ‘merge’ is almost upon us, which will see the blockchain adopt a vastly more efficient Proof-of-Stake consensus mechanism. Tezos has used Proof-of-Stake from its inception, so on the face of it, post-merge, the two blockchains will have a lot in common.
In its latest explainer video, software development company MadFish Solutions has taken a deeper dive into how Tezos and post-merge Ethereum will compare, concluding that despite the surface-level similarities, the two chains will remain very distinct, with Tezos maintaining some meaningful advantages.
Tezos’ Liquid Proof-of-Stake (LPoS) consensus mechanism will continue to ensure greater accessibility, allowing users with a relatively small amount of tokens to participate via delegation. Upgrades should still be smoother on Tezos, without the need for forks, and in fact, it’s possible that by the time the merge actually happens, Tezos will have upgraded for an 11th time. Meanwhile, Tezos’ lower fees and higher transaction speeds compared to Ethereum put developers in a good position to compete aggressively in the DeFi sector.
You can watch the full video at the top of this page, and the MadFish team has also published a detailed accompanying article, here.