Les maxi s’attaquent au proof of participation – Since its creation in 2015, the protocol Ethereal aims to change the mode of consensus. So you need to move from proof of work to proof of stake. This transition will occur through a mechanism called « The fusion » (the fusion). However, criticism abounds regarding this shift in consensus.
Bitcoiners see Ethereum as real estate (values)
As we know, some of the maximalists Bitcointhey are very attached to their vision of cryptocurrencies. The latter are even more attached to the consensus mechanism in proof of work. In fact, it is considered safer, in particular. Thus, it depends on a resource external to the chain of blocks, here electricity, to guarantee the security of the network.
For the past few days, the debate over whether or not Ethereum is part of the real estate asset class (values), it’s back. This was initiated by the CEO of MicroStrategy, who recently declared that Ethereum was «obviously a real estate value ». A topic that was later taken up by Nick Payton, through a scathing post on Twitter.
« Chère Stakers test. The fact that something can be voted on to change its properties is proof that it has real estate value. Love bitcoin. »
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Vitalik makes maxi Bitcoin
Of course, Ethereum co-founder Vitalik Buterin couldn’t help but boat to the pike sent by Payton.
So, Buterin responded to Payton that, like Bitcoin’s proof-of-work, proof-of-stake does not involve voting to set protocol parameters. Adding that in both cases, «nodes reject invalid blocks ».
“It’s amazing how some PoW advocates keep repeating the outright lie that PoS includes votes to set protocol parameters (it doesn’t, just like PoW) and that it goes unchallenged. »
He took the opportunity to add a little grammatical pun to put Payton back in his place.
“Also, a little grammatical nuance: in English, when we talk about things like proof of stake, we don’t say “it’s a value”, we say “it’s secure”. However, I know that these suffixes are complicated, so I forgive the mistake. »
A joke that apparently didn’t make Payton laugh as much. So, he decided to respond by pressing where it hurts the most. In a new tweet, he asks Vitalik when he was going to stop changing the protocol. He also takes the opportunity to take notice of the deployment of The Merge.
The Merge deployed during the year
A shovel that the Ethereum community is already well used to. In fact, the Ethereum network should have gone to proof of stake several years ago. However, Vitalik Buterin himself recently said that he underestimated the technical difficulties of such a change.
Regardless, proof of stake should come in the next few months with the mainnet rollout of the merger (The Merge). In practice, this will allow linking the consensus layer in proof of stake with the executive layer of Ethereum.
Last week another big milestone was reached with the deployment of The Merge on the Sepolia testnet. All that remains now is to implement the fusion on the Goerli testnet before finally considering its implementation on the mainnet.
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