may encourage a shift towards more efficient alternatives ”.
Servadei also believes that we will witness a greater emphasis on sustainability within the crypto space generally . “ We ’ ll see increased public awareness and demand for sustainable practices ,” he predicts . “ There ’ ll also be regulatory pressure driving greener solutions , while market dynamics will increasingly favour environmentally-friendly projects . Technological advancements promoting sustainability ( like proof-ofstake ) and collaborative industry initiatives addressing environmental concerns will also increase .”
To realise wholesale environmental improvement , Bitcoin will need to join Ethereum in adopting the proof-of-stake mechanism . But that ’ s not likely , according to Teunis Brosens , ING ’ s Head Economist for Digital Finance and Regulation : “[ The Merge ] could put Bitcoin on the defensive in terms of prospective adoption by traditional finance . But the Bitcoin community is conservative , and we don ’ t see Bitcoin transitioning from proof-ofwork to proof-of-stake anytime soon .”
Yaroslav Musii is perhaps a little bolder . He believes proof-of-stake does have the potential to make proof-of-work crypto mining redundant – but he believes there is a broader , more existential dilemma that emerges from this debate . “ Some argue that proof-of-stake makes crypto more centralised and therefore goes against one of the founding principles ,” he explains .
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