Cryptocurrency users can switch to using Ethereum after the network’s upcoming transition to the Proof-of-Stake consensus algorithm. This was stated by Alex Svanevik, CEO of the Nansen analytical company.

He compared blockchains to cities. According to the expert, just as megacities need hospitals, lawyers and the media, networks need DEXs, marketplaces and analytics firms, among other things.

Svanevik did not exclude that after the merger many networks would become “ghost towns”, some of them could find their own niche.

The Nansen chairman recalled that during the recent bull market, alternatives to Ethereum gained attention amid the hype around NFTs. It has led to an increase in transaction fees on the network of the second largest cryptocurrency through capitalization to triple digits.

“It will be interesting to see how long the current demand from competitors will continue, how much activity is associated with this side effect. You may see a drop in performance, Svanevik guessed.

CEO Nansen did not rule out that some blockchains could be part of history. There will be projects like Solana, Polygon, and Avalanche that build the infrastructure needed to expand ecosystems.

Recall, Citi analysts stated that the Merger will reduce the energy density of the Ethereum network, transfer the asset problem to a deflationary model, and “pave the way to a more scalable future through sharding.”

Previously, developers had tentatively approved the transition of the main Ethereum network to the PoS consensus algorithm for September 2022.

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