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November 23, 2017, 11:09:20 AM |
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The moods are fierce in the world of the cripto-coins. This week, the "fight" between Ethereum and IOTA has had new barbs exchanged by Twitter. It all started with Nick Johnson's article, Ethereum's dev, published in September at Hackernoon, in which he expresses various concerns with IOTA, at the time an article published by MIT's cryptography team cast some doubts about the security of the coin.
At that time Nick's article spawned a series of somewhat harsh responses from the IOTA team, mainly from Come-from-Beyond, to Sergey Ivancheglo, the developer of PoS (Proof-of-Stake), a type of algorithm by which a Blockchain seeks to achieve a distributed consensus in which the creator of the next block is chosen through various combinations of random selection involving funds or age (ie participation). Sergey used PoS in his first encryption project, the NXT currency, which he then, on several grounds, turned away.
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