FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times.
Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community.During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s not scalable enough to accommodate millions of transactions.He advocated for the use of proof-of-stake mining consensus instead and claimed it is better suited for blockchain payment networks. He said:“Things that you’re doing millions of transactions a second with have to be extremely efficient and lightweight and lower energy cost. Proof of stake networks are.”Bankman-Fried comments resonat
We współpracy z: https://cointelegraph.com/news/ftx-ceo-sees-no-future-in-bitcoin-payments-community-fires-back
