“Ethereum and Bitcoin, the two oldest and largest blockchain projects, are both still using PoW which is widely (and rightly) considered wasteful,” Mihailo Bjelic, co-founder of Polygon, told CoinDesk in an email. “Lately 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.”
DeFi Builders Speak Out. What the Crowd Is Getting Wrong About the Ethereum Merge
