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Evening Standard
Evening Standard
Business
Simon Hunt

Crypto investors hold their breath as $200 billion at risk in Ethereum ‘merge’

Crypto investors across the world are holding their breath as one of the biggest digital currencies, Ethereum, may be just hours away from its transition to a proof-of-stake coin.

The transformation of the $200 billion-market-cap cryptocurrency promises to deliver huge energy efficiencies, making Ethereum much more cost-effective to use compared to the market’s most popular coin, Bitcoin. But the scale and complexity of the project means one wrong move could prove disastrous for the future of the coin and spark shockwaves across the wider crypto market.

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