Ethereum co-founder Vitalik Buterin said that he only staked a small portion of ETH as it struggled to meet security standards. Cardano’s founder expressed shock over Buterin’s attitude.
Ethereum inventor stakes a small portion of his ETH
Cardano founder Charles Hoskinson expressed shock at the recent comments made by Ethereum co-founder Vitalik Buterin regarding his stance on staking ETH. In a viral video shared by Cardano SPO Pride, Vitalik Buterin makes interesting statements. Buterin says he only staked a small portion of his ETH holding. According to Buterin, safety concerns and the difficulty of meeting safety standards play a role. In this context, Buterin makes the following statement:
The biggest reason I don’t personally stake all of my ETH and stake a fairly small portion is that if you’re staking your ETH… the keys to accessing it need to be public on some systems that are online. It needs to be multi-sig for security. Also, setting up multi-sig for staking is still quite difficult.
Cardano inventor expresses shock at Buterin’s attitude
Interestingly, Buterin’s remarks drew backlash from members of the cryptocurrency community, including Hoskinson. Reacting to the comment, Hoskinson said he “didn’t know what to say” after hearing Buterin’s allegations. Hoskinson also revealed that ADA holdings are in staking. In line with this, Hoskinson added:
Guess what? This is how it should be for a properly designed Proof of Stake protocol.
Hoskinson’s comments came just days after Cardano said it was slowly starting to gain real adoption. cryptocoin.com As we reported, ADA total locked value (TVL) has increased by 148% this year alone.
Alongside Hoskinson, other crypto enthusiasts also reacted to Buterin’s views on staking ETH. One Twitter user noted that Buterin’s comment seemed to distrust his own product.
Also, pro-XRP lawyer and CryptoLaw founder John Deaton reacted to the statement by tweeting shocking emojis.
Buterin warns against overloading the Ethereum Consensus
Meanwhile, some members of the crypto community were not surprised by Buterin’s comment. Notably, Buterin has previously expressed concerns about Ethereum’s consensus mechanism, particularly re-staking. In a lengthy blog post titled “Don’t overload Ethereum’s consensus,” Buterin warned that extending Ethereum’s validators beyond their core functions of validating blocks and securing the network could introduce danger to the system.
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