Sam Bankman-Fried: Many Companies Won’t Survive Ethereum Merger
The CEO of the FTX exchange, before the transition of Ethereum to PoS, noted the promise of this decision and warned of potential inevitable losses for the crypto industry. Sam Bankman-Fried stated that while the merger will be beneficial for Ethereum in the long run, it is reasonable to expect some turbulence when it happens. “In the long term, the merger will significantly speed up and reduce the cost of transaction processing. But the merge,…
