Vitalik Buterin’s Surprising Take on Ethereum Staking and Competitors
Vitalik Buterin recently expressed his reluctance to stake a significant portion of his Ethereum (ETH) holdings, citing concerns about the existing infrastructure supporting the service.
During a recent interview with the Bankless Podcast, the founder of Ethereum emphasized his reservations about staking a large amount of ETH due to security considerations.
Buterin stated that the main reason why he isn’t staking all of his ETH is that staking requires making the keys publicly accessible on an online system.
Charles Hoskinson, the creator of Cardano (ADA) and a former collaborator with Buterin on Ethereum’s early development, expressed his surprise on Twitter in response to the ETH founder’s staking remarks.
Buterin’s comments on staking astonished Hoskinson, who tweeted, “I had to listen to this multiple times. I am truly speechless. All of our ADA is staked. That is how it should be in a well-designed proof-of-stake protocol.”
In another instance, Buterin attracted attention when he shared his views on the regulatory approach to cryptocurrencies in the United States, responding to a question on Twitter.
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Although Ethereum was not classified as a security, Buterin expressed dissatisfaction with the fact that his competitors were facing such issues.
Buterin commented, “I feel sorry for Solana and other projects that are being targeted in this manner. They don’t deserve it. If Ethereum ‘wins’ by having all other blockchains removed from exchanges, it would be an unfair and dishonorable victory. It may not even be considered a true success in the long run.”
Furthermore, Buterin emphasized that the actual competition lies not among different blockchain platforms but rather against the expanding centralized world that is asserting itself. He expressed his desire for a fair resolution for all reputable projects involved in the situation.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
