Cetoex News – Vitalik Buterin is a notable figure in the cryptocurrency space and is one of the co-founders of Ethereum (ETH), the second-largest cryptocurrency. He actively participates in discussions with the community on a wide range of subjects.
In one of his recent episodes on the Bankless podcast, Vitalik Buterin unveiled his Ethereum staking strategy. During the conversation, Buterin unveiled that he doesn’t stake all of his ETH.
Buterin say he doesn’t stake all his ETH
The Ethereum co-founder also mentioned why he doesn’t stake all his ETH. He stated that it is complicated in a bunch of ways and that he only stakes a small fraction of his ETH holdings.
“Because if you stake your ETH, the keys that access it have to be public on a subsystem that is online. For safety, it has to be a Multisig. Multisig for staking is still fairly difficult to set up; it gets complicated in a bunch of ways.”
Speaking of the podcast, Cardano co-founder Charles Hoskinson shared his thoughts on Twitter. Hoskinson expressed his astonishment and found himself at a loss for words. Additionally, he emphasized that all of their ADA is staked, highlighting that this aligns with the intended design of a properly implemented Proof of Stake protocol.
NEWS BY – CETOEX NEWS