U.Today – Founder of IOG and Cardano, billionaire Charles Hoskinson, who helped create Ethereum along with Vitalik Buterin, Joe Lubin and several others, commented on Buterin’s recent ideas on how to improve the Centralized staking of Ethereum. The Cardano founder’s comment on Buterin’s ideas was quite sarcastic, however.
h2 Buterin wants to rethink Ethereum staking, Hoskinson reacts/h2 In a recent interview with Vitalik Buterin in Turkey, where he answered questions from the local community, he talked about the Ethereum roadmap. Buterin notably addressed the topic of Ethereum staking by stating that “there is something that needs to be done regarding the centralization of staking.”
In particular, he mentioned the current issues with multiple staking pools and “solo staking being difficult,” summarizing that these and other issues regarding it are “not really healthy.” Buterin plans to introduce an overhaul of the staking system on its blockchain. As one of the possible solutions here, the Ethereum leader is considering the UTxO approach, based on unspent transactions.
Charles Hoskinson’s sarcastic reaction was: “No worries, Ethereum 3 will have everything taken care of.”
This is not the first time Buterin has discussed the need to rethink Ethereum’s staking system. Earlier this year, Hoskinson and the Cardano Army repeatedly criticized him for admitting some drawbacks to the staking system adopted by Ethereum and criticized Buterin for considering introducing features that Cardano had already implemented. implemented to facilitate ADA staking for its users.
h2 Whales stock up on ETH in large quantities/h2 According to prominent whale transaction tracking platform Whale Alert, over the past 30 hours, several massive pieces of Ethereum have been withdrawn from three major crypto exchanges: Bitfinex , Binance and Coincheck.
The anonymous whales withdrew 50,000 ETH, 15,000 and 33,330 ETH from these platforms to their cold wallets, respectively. These pieces of Ethereum are valued at $105,740,324, $31,138,359, and $68,795,390.
Additionally, another anonymous wallet worth $3.13 million earlier today from Binance, while ETH was trading at $2,089. According to blockchain detective account @OnchainDataNerd, over the past two days, this whale has accumulated 4,770 ETH in total, paying an average of $2,079 per coin.
Crypto analyst Ali Martinez believes that currently, whales are heading towards a . He shared a chart showing that over the past nine days, large ETH holders have accumulated large amounts of ETH for the first time in the past nine months. He considers this a bullish signal for the second largest cryptocurrency.
This article was originally published on U.Today
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