Vitalik Buterin Stakes 'Small Portion' Of ETH Citing Safety Concerns, Cardano Creator Chimes In
Portfolio Pulse from Bibhu Pattnaik
Ethereum co-founder Vitalik Buterin has expressed concerns about staking a large portion of his ETH holdings due to security reasons. He mentioned the difficulty in setting up multi-signature wallets for staking. In response, Cardano creator Charles Hoskinson criticized Buterin's stance, stating that all of Cardano's ADA is staked. Buterin also highlighted the EigenLayer protocol, which allows Ethereum validators to re-stake their assets onto emerging networks.
July 02, 2023 | 8:16 pm
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NEGATIVE IMPACT
Ethereum co-founder's concerns about staking could potentially impact the perception of Ethereum's security and staking infrastructure.
Vitalik Buterin's concerns about the security of staking a large portion of his ETH holdings could potentially lead to a decrease in confidence in Ethereum's staking infrastructure, which could negatively impact the price of ETH in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cardano's creator's response to Buterin's concerns could potentially boost confidence in Cardano's staking infrastructure.
Charles Hoskinson's response to Vitalik Buterin's concerns, stating that all of Cardano's ADA is staked, could potentially boost confidence in Cardano's staking infrastructure, which could positively impact the price of ADA in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80