Ethereum’s merge makes crypto more palatable, but to whom?

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City AM

By Darren Parkin by Kevin Murcko, CEO and founder of Coinmetro Last week, the world’s second largest open source blockchain, Ethereum, pulled off its biggest feat since it was created almost a decade ago. The highly anticipated ‘Merge’ event, which has been years in the making, involved a change to the consensus algorithm that verifies transactions from proof-of-work (POW) to proof-of-stake (POS). Put simply, this new protocol means that Ethereum no longer relies on the computational power of miners to prove that a change to the blockchain is correct, and instead invites the community to stake…

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