Charles Hoskinson, an American entrepreneur and co-founder of the Cardano and Ethereum Blockchains, has expressed sharp displeasure at Bitcoin developer Jimmy Song’s recent criticism of the proof-of-stake consensus mechanism. This comes barely 48 hours after a former colleague and also co-founder of Ethereum, Vitalik Buterin reprimanded the Bitcoin developer.
Hoskinson believes Jimmy Song’s claims are stupid
Jimmy Song, in a tweet on 2 July, asserted that the proof-of-stake consensus mechanism takes away the core foundation of blockchain technology – decentralization – due to the fact that it doesn’t particularly solve the Byzantine Generals Problem.
Quoting the tweet in the late hours of Monday, Hoskinson said, “the level of stupid here is beyond explanation.” To further buttress his point, Song, in a separate tweet within the thread, stated that, with PoS, it is not possible to ascertain the canonicity of a blockchain without referring to a central authority, thus eliminating the...
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