Ethereum’s choice to go PoS will attract so many companies and institutions to start building on it

I’m not gonna get into the vast array of advantages that Ethereum will gain from going PoS throughout the upcoming years. There will be many upgrades that will further make Ethereum more and more refined as time passes by.

But I specifically want to talk about how Ethereum will be a much more attractive choice for major companies and institutions to build on instead of other chains now that power consumption is down by 99%

To be honest, the most valuable and popular ecosystem on the market is the Ethereum ecosystem considering they have some of the most popular NFTs, dApps, and other projects as well.

But building on Ethereum has also been a hassle considering how inefficient and unsustainable it’s always been.

But this isn’t the reality anymore. Ethereum is now extremely more environmentally friendly and while gas fees are still high, further upgrades (particularly EIP-4844) will solve that problem in the near future through L2s.

These companies and institutions will soon be able to build their Web3 presence on Ethereum through L2s and thus completely ignore gas fees.

We all saw how many companies, both traditional and tech involved like Facebook, Instagram, Disney, Stripe, Coca Cola, and many more started integrating their businesses and framework on Ethereum through L2s like Polygon by taking advantage of the scalability that Polygon had to offer through multiple scaling solutions they had available.

Let’s also not forget the amount of hype that companies like GameStop caused in the Ethereum ecosystem back when they started building on L2s like Loopring and Immutable X

Sure, one might argue that PoW has key features that are available with PoS but the way I see it, the advantages that come with PoS far outweigh those features that some people mention.

If we want to see Ethereum gain mainstream adoption then we need to focus on long-term sustainability and that’s exactly what the Ethereum team has done. Kudos.