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Mike McGlone: "Ethereum's move to PoS will be the main catalyst for the growth of ETH"

Mike McGlone | The Bloomberg exchange strategist

The Bloomberg exchange strategist is sure that the successful transition of the Ethereum network to the Proof-of-Stake consensus algorithm laid the foundation for a steady growth in the rate of the second largest cryptocurrency by capitalization. 

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Vitalik Buterin: all cryptocurrencies should switch to PoS

Vitalik Buterin Vitalik Buterin - creator of ETH

Ethereum co-founder Vitalik Buterin took part in the Mainnet 2022 conference. He noted that the transition to the Proof-of-Stake (PoS) algorithm will be useful for any cryptocurrency on Proof-of-Work (PoW). Buterin noted that the concept of Bitcoin led him to the cryptocurrency industry. He fell in love with this technology, so Ethereum was built on the PoW algorithm. However, later the developers of the second cryptocurrency realized the benefits of switching to PoS.

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