ethereum system An upgrade known as Merge was performed about two weeks ago. Things are going well, but not everyone is thrilled with the upgrade.
Cardano founder and CEO Charles Hoskinson is among them, telling TechCrunch that he didn’t expect the design of Ethereum’s Proof of Stake (PoS) to be “this rough.”
Prior to the merge, some cryptocurrency community members expressed concerns about the PoS method. 4 major crypto entities You control half of all staked ETH.
“About 42% of the merged blocks are held by two actors. [Lido and Coinbase] And they’re locked into Proof of Stake indefinitely,” Hoskinson said.
Earlier this month, Hoskinson murmured“Ethereum is becoming the hotel California of crypto.” He still holds the view that the second-largest cryptocurrency by market cap is like the hotel in the classic Eagles song. .
“Ethereum has become the Hotel California of cryptocurrencies. You can check in, but you can’t check out. Cardano doesn’t have that, so it’s just nuts,” Hoskinson said, referring to his own blockchain. “Although about 74% of Cardano is staked, it is liquid.