02 March, 2024

Charles Hoskinson Calls Out Vitalik Buterin For Not Staking Enough ETH

8 months ago

11 Dec, 2023

Cardano founder Charles Hoskinson recently called out Ethereum co-founder Vitalik Buterin for his questionable Ether staking methods. Hoskinson took issue with the fact that Buterin staked a rather small amount of his ETH holdings into his own network. Vitalik’s staking strategy raised a few eyebrows in the online crypto community as well.

Charles Hoskinson recently took to Twitter to express his disappointment with Vitalik Buterin’s decision to not stake all his ETH holdings:

Buterin’s comments came during an interview with Bankless last week. The Ethereum co-founder revealed that he staked only a “fairly small portion” of his ETH and cited the lack of certain safety standards for this decision. The crypto community on Twitter indicated that it was a controversial move from Buterin.

Speaking on his decision to not stake all his ETH, Vitalik Buterin stated:

If you stake your ETH…the keys that access it have to be public on some system that’s online. And for safety, it has to be a multisig, and multi-sigs for staking are still fairly difficult to set up and it gets complicated in a bunch of ways.

Responding to Buterin’s controversial ETH staking strategy, Charles Hoskinson stated that he was at a loss for words. The Cardano founder revealed that he had to listen to the interview a few times because he wasn’t able to believe Buterin’s lack of confidence in his own network.

Hoskinson stated that all of his ADA holdings were staked on the Cardano Network.

According to him, a properly designed proof of stake protocol is supposed to attract token stakes from the core team. The Cardano founder claimed that Buterin’s hesitancy to stake his ETH showed a lack of trust in his protocol. Ethereum recently completed the transition to a full-fledged proof of stake protocol after the Shanghai upgrade went live in April this year.

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