Billy Markus responded to expected future problems raised by the Cardano founder after the successful shift of the Ethereum blockchain from Proof-of-work to Proof-of-stake Consensus.
On 15 September, the Ethereum network successfully shifted its operations from Proof-of-work consensus to Proof-of-stake Consensus. The co-founder of the Ethereum blockchain Vitalik Buterin informed the community about it and thanked the whole industry for supporting the Ethereum project team to make the merge successful.
So now Ethereum is the biggest Proof-of-stake Consensus-based blockchain network and now it can fight against other modern blockchain networks, which were already launched on Proof-of-stake consensus.
On the same day, Charles Hoskinson claimed that now people will point out the problem associated with the stake model of Ethereum and further they will compare it with Cardano to criticize it.
Billy Markus, co-creator of Dogecoin who is no longer active in the project but remains active to promote Dogecoin & crypto adoption in the world, responded to the tweet of Hoskinson and indirectly said that there are millions of people in the Crypto industry and they don’t have knowledge and also doesn’t have better understanding about blockchain technology.
In this way, Dogecoin founder suggested Hoskinson ignore the attacks against the Cardano project because of low knowledgeable thinking of people in Crypto space.
Proof-of-Stake (POS) consensus
Proof-of-Stake consensus is a modern technology on which the majority of the crypto assets operate. Initially, Ethereum was launched on Proof-of-work consensus but now successfully shifted to Proof-of-stake Consensus.
Now it is expected that Ethereum will no longer be responsible for the increasing environmental pollution because of mining operations.
Today, Ethereum co-founder claimed that net world electricity consumption will be reduced by around 0.2%, because of the Merge of Ethereum with the Beacon chain.