Vitalik Buterin Reveals His ETH Staking Strategy

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