BitTorrent Creator Calls Vitalik’s ASIC-Resistant Proof-of-Work ‘A Pipe Dream And a Bad Idea’
On Nov. 25, Cohen, also the current CEO of the Chia network, explained in a Twitter thread why he considers many of Vitalik’s opinions in his Nov. 22 blog post addressing the so-called “hard problems in cryptocurrency,” to be “wrong-headed.” Sharding is not the only option Cohen started out by taking a few stabs at Vitalik’s views on sharding and blockchain scalability, where the Ethereum co-founder points out that fully sharded blockchains still have not been seen in action, besides the partially sharded Zilliqa, which recently started running.
Eco-friendly crypto mining In July, Bram Cohen’s San Francisco-based tech firm Chia Network released a green paper that describes an eco-friendly means of mining cryptocurrencies. Specifically, Chia proposed farming rather than mining to verify blockchains that issue cryptocurrencies, wherein proof-of-space and proof-of-time take the place of the proof-of-work (PoW) principle used to mine Bitcoin (BTC) and Ethereum (ETH).
