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Charles Hoskinson Clears The Public Misconceptions About The PoS Network

Written by: Qadir AK

Written by right arrow

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 15, 2022

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The majority of crypto users still do not understand how PoS and PoW work. 

Charles Hoskinson, CEO of Input Output Global Inc., took to Twitter to comment about his concerns regarding Ethereum’s PoS problems referencing an article recently shared by Twitter co-founder and former CEO Jack Dorsey. The article was about how Bitcoiners view the proof-of-stake algorithm. Hoskinson went ahead and cleared the false information and explained how proof of stake works. He also expressed his worry about Cardano which could potentially attack Ethereum. Dogecoin co-founder, Billy Markus, decided to reassure him about that, asking him not to worry.

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