Is post-Merge Ethereum PoS a threat to Bitcoin's dominance?

Cointelegraph

Published Sep 25, 2022 12:05PM ET

Updated Sep 26, 2022 02:00PM ET

While Ethereum fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.”

According to Klippsten, the Ethereum community picked the wrong moment for detaching the protocol from its reliance on energy. As many parts of the world are experiencing severe energy shortages, he believed the environmental narrative is taking the back seat.

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