Cardano founder Charles Hoskinson made comments about Bitcoin (BTC) in his post on his Twitter account.
Hoskinson gave his own opinion on what Bitcoin needs to do to stay afloat.
Hoskinson: Bitcoin Should Adopt Cardano’s Ofelimodus Protocol
Cardano founder Charles Hoskinson recorded a video in which he comments on recent White House proposals to crash all energy-intensive industries, including Bitcoin mining.
Charles Hoskinson, in a statement on his Twitter account, believes that the Ofelimodus protocol developed by Cardano can help Bitcoin to survive as a cryptocurrency.
Climate and Energy Implications of Crypto-Assets in the United States https://t.co/SpHAyvnOwu
— Charles Hoskinson (@IOHK_Charles) September 8, 2022
Ofelimous’ aim is to minimize the amount of energy used by proof-of-work chains. This protocol is a useful proof-of-work protocol that has been recently introduced, proven to be safe.
However, this can make the blockchain that adopts it less secure, as an attacker can use the system to solve easy problems, thereby creating more blocks that miners will create with the same resources. Despite this, Cardano assures Ofelimous can easily solve this dilemma.
Hoskinson recommends that Bitcoin miners switch to this PoUW protocol to minimize their carbon footprint.
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