The founder of the Ethereum cryptocurrency defended the PoS consensus mechanism

Ethereum co-founder Vitalik Buterin has defended the Proof-of-Stake (PoS) mechanism following accusations by Bitcoin developer Jimmy Song that the protocol does not offer a decentralized consensus.

As Vitalik Buterin explained in his tweet, Jimmy Song’s accusations were unfounded: «Pro tip: If there is a long tradition of people arguing between A and B based on deep arguments involving math, economics, and moral philosophy, and you say: B is wrong because of its technical features, you’re probably wrong.»

Pro-tip: if there's a long-established tradition of people debating A vs B based on deep arguments touching on math, economics and moral philosophy, and you come along saying «B is dumb because of a one-line technicality involving definitions», you're probably wrong. https://t.co/22N0OaHyz1

— vitalik. eth (@VitalikButerin) July 3, 2022

Experts emphasize that all decentralized systems face difficulties in reaching consensus. Currently, Bitcoin developers are trying to offer a universal solution to the problem, where more than 50% of the computing power is enough to reach consensus.