Ethereum Network Activity ‘Rather Disappointing’ After Shanghai Upgrade: JPMorgan

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The Shanghai upgrade for Ethereum (CRYPTO: ETH), rolled out in April, hasn’t spurred the anticipated surge in activity on the leading smart contract blockchain, according to a recent research report by JPMorgan. The bank’s analysis, which will likely be a topic of discussion at Benzinga’s Future of Digital Assets conference on Nov. 14, highlights that despite the transition from proof-of-work (PoW) to proof-of-stake (PoS) reducing Ethereum’s energy consumption by over 99%, the expected uptick in network activity hasn’t materialized, CoinDesk reports. The bank’s report, spearheaded by Nikolaos …

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