Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to …

Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm.

Anatoly Yakovenko, one of the co-founders of Solana, the PoS consensus-based blockchain, issued his take when it comes to bitcoin’s proof-of-work and how it might affect the leading cryptocurrency in the future.

Yakovenko is not the first that has made direct criticism on the energy usage and the future of Bitcoin as a proof-of-stake network.

Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

…Read the full story