Cardano founder has again poked fun at recently implemented PoS model of Ethereum chain
Charles Hoskinson, founder of Cardano Foundation giant IOG, has once again trolled on Twitter the PoS model, which was implemented by the Ethereum chain in September this year.
It was introduced by Ethereum during its long-anticipated Merge upgrade, which was expected to push the price up significantly.
Hoskinson mentored comics by Scott Raymond Adams, creator of the Dilbert comic strip. These were about being unable to withdraw crypto from an exchange, which is the situation with Ethereum now.
This is not the first time the founder of Cardano has complained about the way Ethereum introduced proof of stake.
Problem with Ethereum POS Hawkinson keeps mentioning
Ethereum staking was launched in early December 2020, and the merge upgrade, which would include a transfer to PoS, has since been expected as part of a future Ethereum 2.0 integration.
The upgrade was finally made in the middle of September this year after constant delays — two years since Beacon Chain was launched. However, after Merge was implemented, it turned out that withdrawals of ETH from the deposit contract are not allowed until the next upgrade of Ethereum — Shanghai. The latter is scheduled six months after Merge, in the first quarter of 2023.
“The Philosophical Difference Between Cardano and Ethereum”
Hoskinson has mocked the Ethereum PoS several times for this, as proof of stake on the Cardano chain allows users to withdraw their ADA from the staking pool at any time. Furthermore, there is no need to even transfer their ADA coins from their personal wallet to bet.
In one of his tweets published this fall, Hoskinson said that Cardano stakers do not have to be wealthy, unlike those on the Ethereum network, and that is the philosophical difference between the two blockchains. This was Hoskinson’s comment on a Discord message of Micah Zoltu, founder of Serv.eth Support, published on Twitter.
