The Cardano founder believes that there is no need for the proof-of-work version of Bitcoin
, the Ethereum-based version of the crypto king, is presently the 19th biggest cryptocurrency with a market cap of $4.8 billion. There are also other versions of Bitcoin on other blockchains, such as Polkadot, but they are less popular.founder complained about the fact that Bitcoin consumes a"humongous" amount of power.
He believes that leaving miners on just to produce an additional two million coins over the course of the next 100 years is not a good investment of energy. Even though Bitcoin is promoted as the counterbalance to central banks, the vast majority of Bitcoin in circulation is actually held by custodial accounts, Hoskinson notes."That a fact. The dirty reality of our space," he added.
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