👉3. Proof-of-Stake Protocol
Finally, Ethereum's upgrade from hardware mining to software mining will drive the continued growth of the cryptocurrency.
Ethereum creator - Vitalik Buterin, also recently explained that Ethereum's scalability improvements to the layer solutions will multiply one to another - improving the number of users that the system can handle, which increase the processing capacity of up to 1 million transactions per second.
However, this refers to the fact that Bitcoin and Ethereum are not fully competitive. Upgrading the Ethereum platform is likely to serve more of a rivalry between competitors like EOS, while Bitcoin will remain its top position in transferring and storing value.
The idea of upgrading ETH consensus from POW to POS has raised by founder Vitalik Buterin since 2015. But until now ETH still not yet upgraded to Proof-of-Stake Protocol.
We all see the advantages of POS consensus but there are so many un-clear reasons that it takes quite much time to change.