Ethereum Merge Could Shine Light on Chinese Mining Influence, Says VC

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Do Chinese miners still have an influence on the crypto industry? mattysino, CEO of SinoGlobalCap, discusses that topic and the Ethereum Merge during an appearance on CoinDesk TV’s “First Mover.” _franvela reports

“It doesn’t really make sense to me, but it will be telling in that one specific way,” Graham said, referring to. Guo said he planned to fork Ethereum to maintain a proof-of-work version. Guo is hoping to attract the Ethereum miners the new PoS blockchain will leave behind because the new system will not require a miner's computing power to validate transactions on the chain.

Graham called the Merge a “seminal moment” in “the history of our industry,” and should be appreciated despite vigorous competition within the industry., Ethereum’s co-founder] and all the developers and everyone in the Ethereum community,” Graham said.

 

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mattysino SinoGlobalCap _franvela

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