Ethereum’s Shift to Proof of Stake (PoS) Was a $1 Trillion Mistake, Expert Says

Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS) in 2022 was heralded as a major technological shift. It reduced the network’s energy consumption by over 99%. However, Meltem Demirors, General Partner at Crucible Capital and former CoinShares executive, argues that this transition was a costly mistake. Ethereum Missed A $1 Trillion Opportunity According to Demirors, Ethereum’s move to PoS has devalued the network by enabling the proliferation of Layer-2 (L2) solutions source: https://beincrypto.com/ethereum-proof-of-stake-1-trillion-mistake/