DeFi Builders Speak Out. What the Crowd Is Getting Wrong About the Ethereum Merge

โ€œEthereum and Bitcoin, the two oldest and largest blockchain projects, are both still using PoW which is widely (and rightly) considered wasteful,โ€ Mihailo Bjelic, co-founder of Polygon, told CoinDesk in an email. โ€œLately that has started to significantly impact the public opinion about Ethereum as a development platform and some startups, and enterprises became hesitant to explore Web3.โ€

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