Investors are worried that almost all of the top 20 cryptocurrencies with the highest market capitalization have a Proof of Work (PoW) system.
After the Merge update took place at TSI today, Ethereum has the highest market value with the transition from the PoW system to the PoS (Proof of Stake) system. top 20 cryptocurrencies in Bitcoin (BTC) and Dogecoin (DOGE) and Ethereum Classic (ETC) including only There are 3 PoW cryptocurrencies. Bitcoin maximalist Michael Saylor including many financial skeptic, investors, especially PoS cryptocurrencies being directed claims.
On June 28, the Chairman of the U.S. Securities and Exchange Commission (SEC) by Gary Gensler Bitcoin a commodity developing in the market after he said he saw it as PoW system vulnerabilities and environmental impacts Concerns about the propaganda interpreted as.
According to experts, especially the crypto money market is much more familiar the one which… Commodity Futures Trading Commission (CFTC) by the SEC against his sympathy for the cryptocurrency market pushing back and the SEC’s acceptance of the vast majority of cryptocurrencies as securities awaits the cryptocurrency market. different agendas It may indicate that.
On the other hand, the claims about the negative effects of cryptocurrency mining, which has become popular recently, on energy consumption and the environment. refutation and Tornado Cash case investors where they drifted it makes you think.
Financial skeptics are already privacy and freedom more and more of a truly secure system that provides monopolized by capitalists and institutions. that cryptocurrencies will soon will lose their purpose claims.
