As the Merge Block arrives (7days from publication) we ask ourselves is ETH a security now, are centralised companies going to dominate transactions and what does this mean to investors and users?
The Ethereum 2.0 upgrade will bring with it a switch from Proof of Work to Proof of Stake. Already $21 billion of Eth is locked up and returning validators at 4.56%. JPMorgan Chase estimates that by 2025 Ethereum 2.0 could create a $40-billion staking industry. But OFAC sanctions, the threat of censorship and MAV inefficiencies lay waiting to be exploited or resolved.