The crypto industry has been steadily shifting toward Proof-of-Stake (PoS) consensus. Ethereum’s “Merge” in 2022 was a landmark moment, marking the largest network to ever migrate from Proof-of-Work (PoW) to PoS. Many new blockchains are now launched directly with PoS. On the surface, PoS seems to be the future: lower energy consumption, faster transaction times, and smoother scalability. So why, in 2025, do we still have strong PoW networks — and why are they not going anywhere anytime soon?...