Solana Founder Says Bitcoin Will Witness Mass Exodus of Users Unless Major Upgrade Is Approved

Solana Founder Says Bitcoin Will Witness Mass Exodus of Users Unless Major Upgrade Is Approved


Solana (SOL) co-founder Anatoly Yakovenko says that leading digital asset Bitcoin (BTC) will eventually see all of its users migrate to other platforms unless it switches to a proof-of-stake mechanism.

In a new interview with CNBC host Kate Rooney, the founder of the smart contract platform says that proof-of-work mining systems will be barren in the future, including the top crypto asset by market cap if it doesn’t make the switch.

“I think eventually most of the networks that people use will be proof-of-stake ones. This is probably the most controversial thing you’ll get me to say: I bet that if [Bitcoin] doesn’t switch to proof-of-stake, nobody is going to use it.”

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Yakovenko says that engineering logistics and energy efficiency are the biggest factors at

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