“At the moment, roughly 95% of the DeFi initiatives exist on the Ethereum blockchain. If NFT and DeFi builders understand {that a} safe proof-of-work layer 1 blockchain is the perfect taking part in subject for his or her code primarily based initiatives, then we might count on to see an increase in purposes on the Ethereum Traditional blockchain,” Kilic stated. He added that “we imagine there’s intrinsic worth in a broadly decentralized proof-of-work coin, which Ethereum Traditional stands to turn into, if the Merge does happen.”
