Dec 9, 2021
"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
"The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox!
Check it out for free here!
Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami, FL from April 6–9, 2022
Get 15% off tickets with promo code: MAG21