Cardano doesn’t rely on slashing, which sets it apart from Ethereum
urged former Twitter CEO Jack Dorsey not to pain all proof-of-stake protocols with a broad brush.
Hoskinson says that the Substack post that he published on his profile will make Bitcoin maximalists believe that the Cardano blockchain also has slashing, a feature that makes it possible to penalize bad actors in order to disincentivize other actors from behaving maliciously. The ability to use economic penalties to 51% of attacks more expensive is believed to be one of the main benefits of the proof-of-stake consensus mechanism. However, Bitcoin proponents view this negative incentive system as a major downside.
It is worth noting that Cardano’s implementation of proof-of-stake doesn’t require slashing. The blockchain has a unique reward-sharing scheme that incentivizes shareholders to behave rationally. Distributing the supply of to holders through free market dynamics enhances the blockchain’s decentralization, thus making it more resistant to attack.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano's Charles Hoskinson on Elon Musk's Twitter Deal: 'Shotgun Wedding' ComingCardano founder has commented on Twitter deal Musk is trying to back out of, says it looks like 'one night stand'
Read more »
Ethereum Mainstay Hudson Jameson on What Makes the Merge MonumentalEthereum's transition to proof-of-stake represents a pinnacle of collaboration and engineering mastery across dozens of teams and hundreds of people, hudsonjameson writes. Opinion.
Read more »
Ethereum's MergeThe EthereumMerge is underway. doreenjwang has 5 things you need to know. Want to know more? Follow along with our coverage:
Read more »
Michael Saylor slams 'misinformation' about Bitcoin's energy useMicroStrategy executive chairman Michael Saylor claims the negativity toward proof-of-work Bitcoin mining is an attempt to distract authorities from regulatory issues with proof-of-stake crypto assets.
Read more »
Ethereum Merge Goes Live. Here's Why It's Such a Big DealEthereum has finally switched to proof-of-stake, which is a major milestone for the entire industry
Read more »