In the traditional business world, corporate mergers often create behemoths that come to dominate markets and, on occasion, drive political leaders to break them up again.
This is the story of a merger in the making, but in the decentralized world of blockchain-based projects it might help to set aside all prior assumptions about what a “merger” means.
Two encryption projects, Keep and NuCypher, both running on the Ethereum blockchain, have begun discussing what they are calling a “hard merge,” codename: Keanu. Crucially, this would be a merger of their protocols’ functions and communities, not of their companies.
“It really will meaningfully make what I think is already a decentralized network already much more decentralized,” said NuCypher founder MacLane Wilkison.
It’s not as if blockchain mergers haven’t happened. Andre Cronje‘s robo advisor for yield that is the behemoth Yearn Finance announces a “merger” or a “partnership” every month or so, but it’s never quite clear what’s going on behind the scenes.
“Instead of Andre announcing that Sushi is part of Yearn and none of us knowing what that means, maybe people