Ethereum is ongoing a big update and has announced the release of the ETH merge which refers to combining the Proof-of-Work (PoW) execution layer and the Proof-of-Stake (PoS) Beacon chain consensus layer. This will bring more security to the Ethereum ecosystem.
The merge will now exist as a singular chain rendering the PoW chain obsolete. The merge has also greatly increased efficiency and reduced energy consumption by 99.95%.
Charles Hoskinson the co-founder of American blockchain engineering company Input Output Global Inc., the Cardano blockchain platform, and the Ethereum blockchain platform was recently mocked on Twitter for claiming Ethereum 2.0 will occur in 2024.
He responded to the mockery by stating that the merge will not be affecting the performance, operating costs, and liquidity. There is much more to be done for Ethereum 2.0 launch than simply the merge. He mentions that they still are on track to release Ethereum 2.0 in 2024.
Charles continues to address the discourse on Twitter and says the mockery hurts the sentiments of the community and limits users to certain design decisions that will hurt rather than help to trade.
On Twitter, the co-founder of the Cardano blockchain platform says that individual cryptocurrency success does not imply Cardano Vasil success, hence, there is no need to fuel any conspirational thinking to achieve goals. He firmly states that they can Cardano does not require poaching any cryptocurrency, particularly Bitcoin or Ethereum.
He celebrates his team and appreciates the marvelous progress they have achieved together. He encourages his team to continue focusing on solving real-world problems rather than paying attention and succumbing to conspiracy theories of industry members.
