Bitcoin (BTC) $93,767.53 -0.38%
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Tether (USDT) $1.00 -0.01%
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Market Cap: $2,905,692,986,217

24h Vol: $64,980,493,784

CryptoGlobe

2022-11-26 08:50:26

$ETH: Bitcoin Developer and Educator Jimmy Song Says ‘ETH PoS’ Is ‘A Roach Motel’

$ETH: Bitcoin Developer and Educator Jimmy Song Says ‘ETH PoS’ Is ‘A Roach Motel’

On Saturday (26 November 2022), prominent Bitcoin developer, educator and entrepreneur Jimmy Song expressed how he feels about Ethereum 2.0’s Proof-of-Stake (PoS) consensus mechanism. Around 7:00 a.m. UTC on September 15, Ethereum’s Merge upgrade was completed, which meant that the Ethereum network moved to PoS consensus from the much more energy-hungry Proof-of-Work (PoW) consensus. Ethereum co-creator Vitalik

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