The American billionaire investor and owner of the Dallas Mavericks – Mark Cuban – believes Ethereum’s transition from a Proof-of-Work consensus mechanism to Proof-of-Stake could be a double-edged sword. In his view, the investors’ excitement surrounding the move could surpass the actual use-cases of “the Merge” and create a “sell the news” event.
Cuban also argued that applying regulations in the crypto space is a vital step that global regulators need to enforce. Investors are looking for maximum protection, and, if granted, many will enter the digital asset ecosystem and drive the sector forwards.
Cuban’s Thoughts on the Merge
The second-largest cryptocurrency protocol – Ethereum – is expected to shift from PoW to PoS later this year. The long-anticipated move is among the most discussed subjects in the crypto industry. Known as the “Merge,” the process should make Ethereum less harmful to the environment while also providing additional security to its network and faster...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...