There was a backlash from the Cardano (ADA) founder after Ethereum Founder Vitalik Buterin announced that he only staked a small portion of his ETHs and explained why.
Participating in a recent podcast by crypto community Bankless, Vitalik Buterin said that Ethereums owned by “technical complexitydue to that you stake a small portion explained. Buterin, multisig (multi-signature) A method ahead of Ethereum staking obstacle described as.
The multisig method in question is ETH staking. one of the safest ways seen as. While multisig is not an essential concept for staking, even its use for security purposes comes with it. serious technical difficulties can create.
In his statement on the subject, Vitalik Buterin emphasized that this method applied for security is still complex in many respects, with the following statements:
Because if you stake your ETH, the keys to access it must be publicly available in an online subsystem. For security this needs to be a Multisig. Setting up Multisig for staking is still quite difficult. It gets complicated in many ways.
Cardano (ADA) founder Charles Hoskinson did not remain silent to Vitalik Buterin’s statement. Hoskinson stated that he had watched the podcast over and over, but when he realized that Buterin had only staked a small amount of Ether, he was almost like you’re speechless expressed. Hoskinson, all you have He stated that he is staking ADAs and that is how it should be.
The co-founder, who often voiced similar problems, said that Ethereum is more successful And to a lasting future He noted that such technical difficulties must be overcome in order to have
Buterin in an interview with Bankless in the third quarter of 2023 which allows for re-staking planned to be implemented EigenLayer referred to the protocol. Emphasizing that this system can bring centralization risks on the Ethereum blockchain, Buterin defended his view with these sentences:
Trusted stakers will be valued more by the system than unreliable stakers. Trusted stakers are much less likely to actually be disabled. This may bring with it a network structure that is dominated by certain users.