“Ethereum and Bitcoin, the two oldest and largest blockchain projects, are both still using PoW, which is widely (and rightly) considered wasteful,” Mihailo Bjelic, co-founder of Polygon, told CoinDesk in an email. “Lately that has started to significantly impact the public opinion about Ethereum as a development platform and some startups, and enterprises became hesitant to explore Web3.”
Source: https://www.coindesk.com/markets/2022/09/15/first-mover-asia-defi-builders-speak-out-what-the-crowd-is-getting-wrong-about-the-ethereum-merge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines