Catastrophy or heaven? Here are some examples of how the mainstream media is approaching the upcoming Merge.
Some outlets stressed the upgrade could be fraught with risk, sharing concerns that one wrong move could “prove disastrous” for the future of the network and the decentralized applications on the Ethereum blockchain.crypto traders have been “holding their breath” ahead of the upcoming Merge, as a failed upgrade could put the entire cryptocurrency ecosystem “at risk.”
The Ethereum network is responsible for the majority of the $150 billion stablecoin market cap and around $33 billion in total value locked by Ethereum-based DApps, according to DefiLlama. Anna Becker, CEO and co-founder of EndoTech, told the Standard that it will be “quite troublesome for the industry to survive” if something were to go wrong which leads to a halt of the blockchain:
“Ethereum is the infrastructure for many companies to manage their blockchains, so if something goes wrong we have the halt of the industry […] it will be quite troublesome for the industry to survive this period.”that as the PoS mechanism is “less battle-tested” than PoW, the security of which has been proven over more than a decade, “new vulnerabilities could be found.
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