In the eyes of Vitalik Butterin, staking all of your ETH would be a mistake. Reason why he only betsa tiny part of his assets. A choice that shocked the crypto community, in fact.
Vitalik Buterin, the surprising details of his ETH staking
Vitalik Buterin is not just anyone: he co-founded the Ethereum blockchain with Gavin Wood, Anthony Di Iorio, Jeffrey Wilcke and others in 2015. This move made him a cryptocurrency billionaire, despite the decrease in assets on bear market background.
No matter how much cryptocurrency he has left, Vitalik Buterin is far from poor. He would have a large number of SHIBs in his wallet, and certainly ETH in large quantities.
Recently, Cointelegraph shared the quantity of ethers staked by Vitalik Buterin. The latter would have delivered details during the June 29 episode of the Bankless podcast.
” Vitalik only stakes a tiny part of its ETH because meeting its security standard is too complicated.
@IOHK_Charles, what is your ADA percentage? »
Odd ! But the Ethereum co-founder has a ” biggest reason » : ETH staking would be handicapped by thelack of multi-signature wallets.
” The main reason I don’t stake all of my ETH, but rather a tiny portion, is that if you stake your ETH, the keys to access it must be public on an online subsystem. For security reasons, it must be a Multisig. Multisig for staking still seems difficult to set up; it gets complicated in many ways “, he explains.
In other words, the man behind Ethereum lack of trust in the infrastructure intended for ETH staking.
By the way, you will find details about this way to make your money grow in this article.
Charles Hoskinson offended
Obviously, such comments embarrass the crypto community. Charles Hoskinson says to himself ” at a loss for words on learning this.
” I had to listen to this several times. Words fail me. All of our ADAs are staked. Guess what, it must be like that for a Proof of Stake protocol. »
Many of the crypto enthusiasts joined the co-founder of Cardano and Ethereum.
Some did not hesitate to use fairly crude words to show their dissatisfaction. A founder who didn’t want his own product is akin to ” Walt Disney who does not go to Disneyland “.
Others questioned the level of decentralization of Ethereum. In other words, Vitalik Buterin knows that its blockchain is not centralized at all.
As a reminder, Ethereum currently has 643,000 validators who have wagered more than 20.5 million ETH. This plurality of validators also worries some researchers associated with this very popular blockchain. In a way, Vitalik Buterin tarnished his image a little bit by making this admission.
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