•  

THE COERCION OF ETHEREUM'S DIFFICULTY BOMB by Level39 - Bitcoin Magazine Audible

0
0

"Curiously, neither Vorhees nor Buterin are keen to mention an aspect of Ethereum that is metaphorically labeled as destructive physical violence enshrined in code, known as the “difficulty bomb,” which is designed to override the very free market forces Vorhees espouses.

The difficulty bomb is code that incrementally increases the difficulty level of Ethereum’s proof-of-work mining in order to slowly reduce block production times, until the chain becomes unusable. It was released as a means to force Ethereum’s switch from proof of work to proof of stake."

Join Guy Swann as he narrates Level39's outstanding recent piece in Bitcoin Magazine, titled "The Coercion of Ethereum's Difficulty Bomb". Level39 describes one of the main differences between Bitcoin and Ethereum, in that Ethereum users can be coerced into upgrading their software, meanwhile Bitcoin remains fully backwards compatible and is the only cryptocurrency that truly protects users' rights to their money. 

Read the full article here: https://bitcoinmagazine.com/technical/ethereum-is-coercive-bitcoin-is-not

---------------------------------------------

Bitcoin Magazine is back in print!

Get Bitcoin Magazine shipped directly to your front door!

Get 21% off with promo code: MAG21

https://store.bitcoinmagazine.com/discount/MAG21?redirect=%2Fproducts%2Fbitcoin-magazine-annual-subscription

 

"The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!

Check it out for free here!

deepdivebtc.substack.com/welcome

 

Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022

Get 15% off tickets with promo code: MAG21

https://b.tc/conference/

No comments yet...
Log in to comment

Bitcoin Magazine Podcast

The Bitcoin Magazine Podcast is on a mission to stay on top of what's happening with everything Bitc…

Log in to Follow

More episodes from Bitcoin Magazine Podcast

Top Podcasts Top rated Podcasts