(Kitco News) - The hypothesized Flippening, whereby Ether surpasses Bitcoin's market capitalization, is likely to happen, said Anthony Di Iorio, one of the co-founders of Ethereum (ETH).
"There's a good chance, if Ethereum keeps going in the direction it is going, that the Flippening happens," he told Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.
However, Di Iorio was concerned with centralization issues following the recent Ethereum Merge, which transitioned the ETH network from a proof-of-work to a proof-of-stake consensus protocol.
"Ethereum has always done, in my opinion, a good job of not sacrificing decentralization," he stated. "But can it be done 100 percent? I'm not sure… I'm concerned with centralization risks of proof-of-stake."
The Merge
The much-anticipated Ethereum Merge successfully transitioned the network from a proof-of-work to a proof-of-stake consensus algorithm on September 15th.
Among the primary changes to the ecosystem is a 99 percent...
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