Vitalik Buterin Revealed He only Stake a Small Fraction of his $ETH

Vitalik Buterin Revealed He only Stake a Small Fraction of his $ETH

Ethereum founder Vitalik Buterin revealed he is only staking a small fraction of his $ETH in a recent podcast with Bankless. He explained the reason is because multisiganture wallets being "complicated in a bunch of ways".

"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 farily difficult to set up; it gets complicated in a bunch of ways." He said.

Buterin also discussed the EigenLayer protocol, which allows Ethereum validators stakers to "re-stake" their assets onto other emerging networks. Buterin said the main challenge with this is that it creates "centralization risks". Sreeram Kaanan, the founder of EigenLayer, explained there are "complex risks" with restaking, and it is important to take a "constrained approach in building restaking".

Related: Restaking Protocol EigenLayer Goes Live on Ethereum Mainnet

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Ethereum

Staking

In This Article

Related News
Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum
Ethereum researcher Max Resnick moves to join Solana development firm Anza Ethereum researcher Max Resnick moves to join Solana development firm Anza
Trump win fuels bitcoin derivatives boom as futures open interest surges over $60 billion Trump win fuels bitcoin derivatives boom as futures open interest surges over $60 billion
Crypto market maker B2C2 taps PV01 to issue its first corporate bond on Ethereum Crypto market maker B2C2 taps PV01 to issue its first corporate bond on Ethereum
Trader who lost $26M to copy-paste error says it’s been ‘max pain’ Trader who lost $26M to copy-paste error says it’s been ‘max pain’
Latest News More More
22 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
23 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open