Cardano Founder Charles Hoskinson Calls The Merge Ethereum Will Not Change Anything

Charles Hoskinson, founder of Cardano and former co-founder of Ethereum discussed The Merce. (BitcoinExchangeGuide)

JAKARTA After the completion of The Merge Ethereum, sparked various views from the crypto community itself. One of them is the founder of Cardano, Charles Hoskinson. The Input Output CEO stated that Merger will not change the performance, cost of operations, or liquidity of ETH.

Eth 2.0 requires a minimum Shanghai increase next year according to their own release schedule. My predictions are still on target. You understand that nothing has changed in terms of performance, operating costs, or liquidity? Hoskinson said in a Twitter post, September 15, 2022.

After development in recent months, Ethereum Merce was finally completed on September 15 yesterday. Ethereum founder Vitalik Buterin commented that the event was an important moment for Ethereum and he was proud of the efforts of all those involved to make it happen.

The Merger refers to its joining of the PoW consensus mechanism to the PoS banyan consensus that runs simultaneously, making the PoW chain obsolete. Proponents say that the transition to PoS will make Ethereum more secure, measurable, and environmentally friendly.

Hoskinson's comments came in response to Twitter users mocking him for saying Ethereum 2.0 was likely to happen in 2024.

In response, the Input Output boss said ETH 2.0 refers to the final product and that The Merger is only one step to get there. Thus, the release date 2024 still on target. To emphasize its point, Hoskinson said the Merger would not increase the performance, operating costs, or liquidity Ethereum.

ETH which is at stake is currently locked into the contract and cannot be withdrawn. The Shanghai Hard fork will allow validators to withdraw the tokens at stake.

Another milestone is The Surge, which will add sharding for better scaling through lower operating costs. The next stage is The Verge, or the implementation of the Verkle trees (misculative evidence) to minimize data storage requirements.

Cleaning to further trim the history of protocol storage for better data efficiency. Then the next stage, The Splrge is aimed at anything that is considered exciting to be implemented.

With the completion of The Merger, Hoskinson argues that the current PoS consensus mechanism will be viewed as centralized. Where this view is a wrong view, according to Hoskinson.

Now begins the era of everyone who assumes that all Proof of Stake works like Proof of Stake Ethereum. The maxi will attack Cardano to cut and label all ethereum issues as our problem, said Hoskinson, Cardano founder and former Ethereum co-founder.