Ethereum’s Merge May Have Opened a Regulatory Nightmare

<p>Traditionally, the same thing that made cryptocurrencies into pariahs also made them unique. Bitcoin, Ethereum and other first-generation tokens relied on Proof of Work to run their blockchains, a labor-intensive mathematical process that consumes obscene amounts of electrical power.</p> <p>While their high power use didn&rsquo;t exactly endear crypto tokens to environmentalists, they did distinguish the tokens from traditional securities. There&rsquo;s a hard cost to create a Bitcoin or an original Ether token, much as there&rsquo;s a hard cost to mine gold &mdash; another asset that society has arbitrarily decided is valuable.</p> <p>Because holders of Bitcoin expect their tokens to gain value mostly due to the high cost of creating them &mdash; and because Bitcoins aren&rsquo;t used for anything other than making financial transactions &mdash; mined coins like Bitcoin have thus far escaped many traditional regulations.</p> <p><a href="https://blockchainlifetech.com/ethereums-merge-may-have-opened-a-regulatory-nightmare-b0657e51f199"><strong>Website</strong></a></p>