The founder of Cardano (ADA), Charles Hoskinson, expressed his displeasure with Jimmy Song’s remarks about Proof-of-Stakes (PoS) networks and his former colleague Vitalik Buterin. Hoskinson used Twitter to call Song’s statement on the microblogging site “stupid.” The level of stupid here is beyond explanation https://t.co/2ARGkcpBgG — Charles Hoskinson (@IOHK_Charles) July 4, 2022 Song mentioned networks that used a matching algorithm, such as Cardano, Ethereum, and other Proof-of-Stake systems. He said that because these systems could not resolve the Byzantine General’s problem, they failed to ensure true decentralization. Vitalik Buterin Criticizes Bitcoin developer It appears that Buterin did not view the statement favorably since he is now striving to convert Ethereum from a Proof-of-Work (PoW) consensus process to a Proof-Stake mechanism. The Ethereum developer replied to the tweet more politely by saying: “Pro-tip: if there’s a long-established tradition of people debating A vs B based on deep arguments touching on math, economics and moral philosophy, and you come along saying ‘B is dumb because of a one-line technicality involving definitions’, you’re probably wrong.” Byzantine General’s Problem Many diverse networks have substantial challenges due to the Byzantine Generals’ Dilemma, especially ones that rely on consensus. The problem arises when numerous individuals must come to an understanding for a system to work e...
Bitcoin Price Prediction 2025
