Jensen Huang, CEO of Nvidia, provided his perspective on the Ethereum Proof-of-Stake blockchain and its significance during a recent interview with VentureBeat's Dean Takashi in an online-only Computex event.
Because of the Ethereum network's present reputation, Huang feels that many people regard it as a respectable, well-established, and reliable network. “A lot of people rely on it for DeFi and other things right now,” says the author. It's a fantastic opportunity for proof of stake to appear.” Huang continued, "
“Does proof of stake thrill me? Yes, yes, yes, yes, yes, yes, yes, yes, yeah, yes “I feel that the demand for Ethereum has reached such a high level that either an ASIC or another approach would be nice,” - the Nvidia CEO told VentureBeat.
New Ethereum protocols, such as the transition to Ethereum 2.0, will be implemented during the transition phase, which is critical for containing rising costs and swaying greater acceptance of Ethereum, particularly among the masses. Huang claims that:
“It is clearly clear that Ethereum will be extremely valuable. Ethereum will be useful in the future because the processing of these transactions will be much faster, and since there are so many people building on top of it now.”
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