Cardano founder: The new Ethereum update will generate two tokens at the same time!
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Answer Cardano founder: The new Ethereum update will generate two tokens at the same time!
Cardano founder Charles Hoskinson stated that the proposed launch of Ethereum 2.0 could make the blockchain network two tokens at the same time, resulting in a societal clash.
The mastermind of the Cardano project said last year’s proposed ETH 2.0 that was adopted this year isn’t coming any time soon.
And if that happens, it could potentially introduce major chaos to the crypto community, as it could give the Ethereum community a reason to wage war and the coin to be split.
ETH 2.0 was proposed in 2019.
Researchers and blockchain experts have seen the possibility of getting a network update with both ETH 1.0 and ETH 2.0 operating as separate tokens for some time.
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Eth 2 will not be released soon. It’s a connecting mess and they probably have two tokens at the same time and a community battle
– Charles Hoskinson (@IOHK_Charles) January 13, 2020
A similar event occurred during the “DAO” hack where unidentified hackers transferred 3.6 million ETH.
During that time, it was agreed to split and pass the Hard Fork.
The remnants of the problem became what is known today as Ethereum Classic.
At the moment, the first steps of Ethereum 2.0 have been officially launched, and the Ethereum nodes will see problems because ETH 1.0 and ETH 2.0 will coexist and will be priced differently in the exchanges.
We’ve heard this before with ETC (the original string, btw). What is likely to happen to the ETH 2 chain is that the exchanges list and call it a token separate from ETH(1). There will then be two tokens with different prices. Vitalik tries to fight reality again. pic.twitter.com/ogMfQNV2Tu
nogrubles October 13, 2019
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Ethereum 2.0 proposed by Vitalik Buterin is seen as a way for the Ethereum network to become more secure.
The Ethereum core developers have approved the activation of Ethereum 2.0 Phase 0 but no date has been set yet.
Charles Hoskinson: The Hydra Cardano protocol is 5 times faster than the Ethereum network
Charles said in a previous comment during an AMA video with the Cardano community that the “Hydra Cardano” protocol, the next generation protocol on the Shelley update, expected to be fully ready in February 2020, is five times faster than the Ethereum protocol.
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Where stated About him, “Charles Hoskinson”:
This very good protocol will speed up Orobouros.
There is more room for improvement, but we feel we can significantly speed up the Orobouros process as we currently sit, and it can be conservatively estimated to be at least five times faster than Ethereum was at its peak efficiency.
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