- Ethereum Merge is a flawed PoS implementation – Hoskinson
- ETH Price at the time of writing – $1,315.85
- Custodial staking would create issues for the network – Experts
Cardano founder and Ethereum co-founder Charles Hoskinson disagreed with Ethereum developers regarding the Ethereum Merge’s implementation of the proof-of-stake (PoS) consensus.
Web3 investor Evan Van Ness said on Sunday that the Ethereum Merge could have been shipped earlier, which caused controversy. Ethereum co-founder Vitalik Buterin concurred with Van Ness and stated that a chain-based PoS consensus similar to NXT should have been implemented.
Ethereum developers should have implemented the Snow White protocol
The Snow White protocol, which Hoskinson has advocated for years, is one of the first protocols to provide end-to-end, formal proofs of security for a PoS system. Hoskinson joined the conversation and claimed that Ethereum developers should have implemented it to ensure a faster migration to PoS.
The Cardano founder and Van Ness, along with other Ethereum developers, got into a heated argument after Hoskinson’s response opened a can of worms. Hoskinson claimed that his ideas regarding the technical upgrades to the Ethereum network from 2014 still hold up better than what the Ethereum network has upgraded to since the Merge.
Hoskinson was quickly reminded by Van Ness that he had been fired from Ethereum within six months due to his bad behavior and lack of significant technical contributions.
Hoskinson is known for his hot takes on his former project
In a Twitter thread earlier on Monday, Hoskinson said that Ethereum developers had ignored Ouroboros, the first protocol based on peer-reviewed research and a secure PoS blockchain, for the past five years. Additionally, he asserted that the PoS upgrade’s current design, which includes custodial staking, is flawed.
Hudson Jameson, an Ethereum core developer, challenged Hoskinson’s assertions regarding the Ouroboros protocol implementation.He went so far as to state that Ethereum developers detested Cardano primarily for his attitude and actions as the face of Cardano.
After that, Jameson asked Hoskinson to stop playing the victim and reminded him of his poor treatment of the Ethereum Classic community.
The argumentation between the two communities is not new; Hoskinson is well-known for his fiery opinions on his previous project.However, the recent exchange between the two sides highlights the disconnect between blockchain communities because both blockchains are undergoing significant network upgrades.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.