Popular cryptocurrency in the top 10 by market value Cardano (ADA) founder Charles Hoskinson in a recent YouTube video Bitcoin (BTC) talked about.
Charles Hoskinson stated that Bitcoin will be widely used by smart contracts, all kinds of decentralized applications and governments in the coming years.
Hoskinson said that Bitcoin has benefits with a sound monetary policy and he appreciates it. PoS also mentioned the system.
“Given that there are synthetic versions of the largest cryptocurrency Bitcoin that can also run on other blockchains, I am convinced that there is no need for an energy-hungry proof-of-work system (PoW). Because Warapped Bitcoin is Bitcoin.”
of bitcoin PoW Criticizing that the system consumes too much energy, Cardano founder said that this may cause problems in the coming years.
According to Hoskinson, its miners will receive an additional 2 million miners that can come out over the next 100 years. bitcoin It’s not a good idea to let them mine to produce.
“Expending huge amounts of energy to mine 2 million BTC is not a good option, nor is it a good energy investment.”
In this context Cardano The founder thinks that there is no need for a PoW system in Bitcoin and that BTC should also switch to a PoS system.
The biggest recently altcoin Ethereum (ETH) Even if it has switched from PoW to PoS system and BTC’Although the excessive energy consumption of Bitcoin is widely criticized, in the near term, Bitcoin will also ETH There is a possibility that it will switch to the PoS system.
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