Bitcoin to Remain Strong Despite Ethereums Integration, Says Michael SaylorMichael Saylor, the co-founder of MicroStrategy and a well-known Bitcoin advocate, stated that Bitcoin has become stronger despite the integration of Ethereum. He pointed out that Proof of Work (PoW) is the globally accepted and proven method for creating digital commodities.
"The completion of Ethereum’s integration implies that the Ethereum network no longer functions as a proof-of-work consensus mechanism, but is now governed by proof-of-stake."
- Before this integration, it was a major topic of discussion across the cryptocurrency space and even traditional finance communities. During a conference in Australia on Saturday, Michael Saylor shared his views on what happens to Bitcoin after the integration of Ethereum
Michael Saylor: Proof of Work is the Best Method for Creating Digital Commodities
Michael Saylor, the co-founder of MicroStrategy and a well-known Bitcoin advocate, stated that Bitcoin will continue to remain strong after the integration. He added that Proof of Work (PoW) is the most proven method for creating digital commodities, and he had referred to Ethereum as “security.” After the Ethereum switch, Bitcoin now controls 95% of the total market share of tokens that operate under the PoW consensus mechanism.
He further added, "I expect Bitcoin to only become stronger, not weaker. Proof of Work is the best method worldwide for creating digital commodities."