The Ethereum blockchain will finally sever its links to crypto mining—reigniting a debate over whether the practice of mining that still supports bitcoin, the most widely traded cryptocurrency, is viable and sustainable.
to criticize bitcoin, that his data is incorrect, and that he fails to account for the nuances in bitcoin’s relationship with the environment.named the, an allusion to the pseudonymous creator of bitcoin, Satoshi Nakamoto. Standing 11 feet tall, the skull is decorated with old motherboards, its eye sockets glow red, and chimneys eject smoke from the crown.
The artist that designed the sculpture, Benjamin Von Wong, bore some of the backlash too. On March 25, he published asaying that he had revised his “black and white” assessment after conversations with bitcoiners. But he also pointed to the forces standing in the way of productive debate: “There are people on both sides who believe the other is naively optimistic, misguided and misinformed,” he wrote.
The impasse is worsened by the ideological opposition to PoS among bitcoiners, separate from the environmental considerations. Some find unthinkable the idea of tampering with Satoshi Nakamoto’s original invention, and others, like Bendiksen and Pritzker, believe PoS introduces greater risk of centralization and censorship—and therefore represents a threat to crypto’s founding principles. “PoS is essentially the fiat system,” says Pritzker, “because whoever has the gold makes the rules.
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.
Ethereum (ETH) Hits New All-Time High Just in Time for Major Shanghai UpdateEthereum $ETH smashes all-time highs with holders number as Shanghai is almost here ethereum eth shanghai capella shapella ethereumnews
Read more »
Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in AprilEther has outperformed Bitcoin so far in April, rising 2.5% versus the latter's 1.5% drop.
Read more »
Tesla to build Shanghai gigafactory to make energy storage product - XinhuaTesla Inc will build a gigafactory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.
Read more »
Tesla to build Shanghai factory to make Megapack batteries, Xinhua reportsTesla Inc will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.
Read more »
Reports: Tesla plans Shanghai factory for power storageChinese state media say electric car maker Tesla Inc. plans to build a factory in Shanghai to produce power-storage devices for sale worldwide.
Read more »
Reports: Tesla plans Shanghai factory for power storageChinese state media say electric car maker Tesla Inc. plans to build a factory in Shanghai to produce power-storage devices for sale worldwide. The reports say Tesla made the announcement at a signing ceremony in Shanghai, where the company operates an auto factory. Plans call for annual production of 10,000 Megapack units. The factory is due to break ground in the third quarter of this year and start productions in the second quarter of 2024.
Read more »