Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson

2019-4-11 21:30

Proponents of the cryptocurrency space have made it a point to inform users of the latest news and updates in their respective networks. The latest luminary to do so is Charles Hoskinson, Chief Executive Officer [CEO] of IOHK, who is in charge of running projects like Cardano [ADA] and Ethereum Classic. Speaking at Unblocked, the computer scientist spoke about how the world is going digital and there is nothing that anyone can do to stop that from happening.

Hoskinson stated,

“The main example of technology advancing rapidly is in China’s development of the social security number. People have to realize that the digital systems that we build will control the money in their pockets. There is no law in physics that will help you save your money, that is like saying Facebook has to protect your privacy.”

Charles Hoskinson then touched upon the reasons why Poof of Stake [PoS] was chosen over Proof of Work [PoW], a more popular concept. He responded by saying that PoS was chosen over PoW because of philosophical differences. In his words,

“I will admit that PoW is a great infrastructure but I admit that there are certain elements that puts PoS ahead for me. PoW is control outside the system and if the ledger is successful then it will happen. A Mom and Pop shop cannot participate in this process as the buy-in is very expensive. That is why the 10 largest Bitcoin corporations control around 51 percent of the total Bitcoin hash power.”

The CEO added that PoW concept is a perfect fit for people who are okay with mercenaries not really loyal to the chain running their processes. At the same time, Hoskinson was frank in stating that the PoW concept is intellectually very interesting. He made his case for PoS by saying that his chosen concept conducts simulations of who runs the process properly and then, updates the system. According to him,

“The PoS is a process that throws away all the expensive work and advances the network to help you do your job.”

The post Cardano [ADA]: Proof of Stake [PoS] throws away expensive process & advances the network, says Charles Hoskinson appeared first on AMBCrypto.

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Источник: ambcrypto.com

hoskinson cardano → Результатов: 126


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Cardano Community Claps Back at Critic Who Labeled Charles Hoskinson A “Cancer” For ADA

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Чарльз Хоскинсон рад, что Cardano нет на Gemini

Основатель Cardano Чарльз Хоскинсон поделился мыслями об отсутствии торговых пар с монетой ADA на криптовалютной бирже Gemini. Чарльз Хоскинсон (Charles Hoskinson) опубликовал аудиозапись в Твиттере, в которой отметил, что на платформе Gemini торгуется более 110 монет, чья рыночная капитализация гораздо ниже в сравнении с криптовалютой Cardano, которой нет на бирже. Однако Хоскинсон не возражает против […]

2022-12-27 19:03


Cardano’s Vasil Upgrade Is Ready for Take-Off: ‘It’s Been Initiated’, Says Hoskinson

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2022-9-18 15:24


Фото:

Cardano Price Could Be $10 Or $1 And It Still Would Not Matter To Hoskinson

Cardano is perhaps one of the most consequential high-profile altcoins that also has the largest divide in terms of opinion from investors. Many have praised it for being cutting edge and providing something different, whereas others have demonized it to the point where you are more than likely to see taunts hurled at Hoskinson and […]

2021-4-8 11:31


Фото:

Charles Hoskinson Talks ERC-20 Converter to Redeploy Tokens from Ethereum to Cardano Testnet

In a recent video update, Charles Hoskinson, the face of smart-contracts platform Cardano (ADA) shared several key updates in addition to confirming that the July 29 hard fork date still stands. Hoskinson Discusses ERC-20 Converter Hoskinson took to YouTube to update the Cardano community about the latest developments in the ADA ecosystem.

2020-7-19 19:00


Cardano [ADA]: No one cries for decentralized solutions unless centralized ones fail, says Charles Hoskinson

Cardano [ADA] has been hailed by many in the world of digital assets as a solution to many problems related to research, remittances and other walks of life. In a recent interview with Analysis in Chain, Charles Hoskinson, the Chief Executive Officer of IOHK, spoke about the ideals of the company and the implantation plans […] The post Cardano [ADA]: No one cries for decentralized solutions unless centralized ones fail, says Charles Hoskinson appeared first on AMBCrypto.

2019-4-10 17:30


Cardano’s [ADA] Charles Hoskinson blasts Breakermag for ‘bait and switch’ journalistic tactics

The proponents in the world of cryptocurrencies are the focal points in informing users about the developments and updates of their respective coins and networks. There are also instances when the luminaries call out false notions and news about them, something that Charles Hoskinson, the CEO of IOHK did recently.

2019-4-10 14:30


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