Consensus on SEC: Recognizing Advanced Safeguards Inherent in Ethereum’s Design

Consensys told the U.S. Securities and Exchange Commission that Ethereum’s proof-of-stake implementation “meets or even exceeds the security of Bitcoin’s proof-of-work (PoW).” The blockchain software company said the commission should recognize the advanced safeguards inherent in Ethereum’s design that go beyond the “fundamental security and resilience safeguards of Bitcoin-based exchange-traded products.” (…)