Sunday, September 25, 2022
HomeAltcoinsEthereum founder Vitalik Buterin addresses POS critics as upcoming merge grows closer

Ethereum founder Vitalik Buterin addresses POS critics as upcoming merge grows closer

Ethereum’s Vatilk Buterin has addressed some critics recent comments regarding Ethereum and the merge to a POS (Proof-Of-Stake) blockchain.

While many believe that Ethereum (ETH) moving over to a Proof-of-State (POS) blockchain will enhance the network and may even cause the network to overtake Bitcoin (BTC), there are some outspoken critics of the move who have caught the eye of Ethereum’s founder. One criticism of POS is that it allows voting to change properties on the platform. A Bitcoin bull Nick Payton recently tweeted that voting on Ethereum is proof that it is a security.

Vitalik replied to the twitter post, and called the statement a ” “unmitigated bare-faced lie.” Buterin continued, PoS does not include voting on protocol parameters, just like proof-of-work (PoW) doesn’t. Vitalik also noted that nodes reject invalid blocks in both PoS and PoW.

Ethereum, Proof of Stake, merge, ETH
Ethereum merge PoS

Another Proof-of-Stake critical statement came in from author Jimmy Song who stated that POS does not solve Byzantine generals problem, therefore it does not provide decentralized consensus.

Vitalik again responded calling the argument “dumb” and “probably wrong”. Cardano founder and previous co-founder of Ethereum Charles Hoskinson chimed in on the comment and backed Vitalik’s sentiment by saying that the “level of stupid” in Song’s tweet is “beyond explanation.”

Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the proof-of-stake (PoS) consensus mechanism. Terence Tsao, an Ethereum protocol developer, also stated the Merge transition itself had been a success but noted around 25-30% of validators went offline after the Merge due to “wrong configs.” However, he added that “hiccups will not delay the Merge.”

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