Ethereum co-founder Vitalik Buterin explained on the Bankless Podcast that multisigs for staking are 'fairly difficult to set up' and complicated in a 'bunch of ways.'
Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ethereum due to multisignature wallets being “complicated in a bunch of ways.”Buterin revealed the “biggest reason” why he is only staking a small fraction of his Ethereum, as opposed to staking the entirety of it. He explained:
“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.”Charles Hoskinson, the co-founder of Ethereum and founder of Cardano took to Twitter on June 30 stating he is “at a loss for words” after hearing Buterin only stakes a small portion of his Ether.I had to listen to this a few times.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum's Vitalik Buterin Feels Bad for Solana (SOL), Here's Why.VitalikButerin hopes Solana will make it through all troubles so the space remains competitive
Read more »
Vitalik Buterin concerned about SEC's treatment of Solana and others'The one comment I'll make is that I feel bad that Solana and other projects are getting hit in this way,' Buterin said.
Read more »
Help! A Co-Worker I Dated is Spreading Rumors About Me.Jenée Desmond-Harris is joined by Candice Lim, co-host of Slate’s ICYMI podcast.
Read more »
Podcast: Cheap suicide drones, affirmative action and Sudan’s ethnic violenceThe US Supreme Court has rejected race-conscious admissions – we look at what happens next. Sudan’s ongoing war sees spread of ethnic violence in the Darfur region. Plus, the cheap suicide drones that have become an increasing threat on Ukraine’s frontlines could upend global stability.
Read more »
Engadget Podcast: The rise of foldable competitors for Samsung | EngadgetThis week, Cherlynn, Sam and guest Julian Chokkattu talk about the Pixel Fold and the state of foldables and smartphones in general..
Read more »
Supreme Court ends affirmative action in college admissions; Travis Scott avoids charges; NFL suspends four players | Hot off the Wire podcast🎧 Get the latest national, sports and entertainment news on our daily podcast.
Read more »