The post Charles Hoskinson Clears The Public Misconceptions About The PoS Network appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
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.