Bitcoin proponent claims PoS rewards aren't 'yields,' Vitalik snaps back

Bitcoin proponent claims PoS rewards aren’t ‘yields,’ Vitalik snaps back


Independent developer and Bitcoin proponent Udi Wertheimer created quite a buzz on crypto Twitter earlier on Sept. 12, after he claimed that a proof-of-stake (PoS) based yield reward system for staking is more of a penalty for non-stakers.

Wertheimer who is a well-known Ethereum critic believes that the PoS staking reward system isn’t exactly a yield reward. In PoS staking, a user cannot do anything with their staked ETH, while those who don’t stake their tokens and participate in other network activities aren’t rewarded.

With Ethereum Merge just a couple of days away, the sly on the PoS system didn’t really go down well with the Ethereum community including co-founder Vitalik Buterin.

Trending: After Running a Story Defending a Sex Offender, VICE Gets a Surprise..

Buterin responded to Wertheimer’s criticism by claiming that Bitcoin mining is not much different from

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend