Along with the “decoupling” event that happened on Friday, Ethereum’s announcement of the ETH2/Consensys/Merge coming up in August is likely to create some waves in the crypto space as the date approaches – not only will it affect the ETH ecosystem itself, there’s a chance that it could have significant ripple effects on the tokens minted on top of it as well.

Over the years there has been, however, a general trend towards Proof-of-Stake systems gaining more favorability, especially among DeFi projects – because of its greater efficiency and ease of use. After the merge, Bitcoin may be the only project left on the charts that is using the Proof-of-Work model – what does this mean for Web3 and crypto spaces longer term?