Bitcoin Needs to Adopt an Upgrade Similar to Caradano’s to Survive: Charles Hoskinson
Charles Hoskinson believes that Bitcoin’s switch to a new protocol is necessary for its survival. The White House’s latest report mentions the excessive usage of energy by several industries, including cryptocurrency mining, was brought up by IOG CEO Charles Hoskinson. He went on to say that the paper. Cardano protocol, Ofelimous, could help Bitcoin to avoid the regulator’s ire and survive as a cryptocurrency. For the uninitiated, Ofelimous is a proof-of-useful-work (PoUW) protocol, and its main purpose is to minimize the carbon footprint of PoW chains, such as Bitcoin. Given the adoption scale of the digital asset space, Hoskinson believes carbon scoring of crypto mining by authorities across the world is inevitable.
Best Crypto News
