The chief executive of crypto exchange platform BitMEX says he’s concerned that Ethereum’s (ETH) upcoming transition to a proof-of-stake (PoS) consensus mechanism may not happen.
In a recent interview on the Bankless podcast, CEO Arthur Hayes says that he and many others don’t believe the merge will actually take place.
“I don’t think people believe the merge is going to happen still. I can’t sit here and tell you that I think for 100% that they’re going to switch to proof-of-stake… I’m not in the trenches like the developers have been since 2014…
If you’ve been around long enough, you’ve heard the talk about proof-of-stake for five, six, seven years… has it happened yet? No.
According to Hayes, the best way to prove