Billionaire Charles Hoskinson, the founder of both IOG and Cardano, who co-founded Ethereum alongside Vitalik Buterin, Joe Lubin, and a few other people, has offered his thoughts on Buterin’s latest suggestions for enhancing centralised Ethereum staking. However, the Cardano founder’s criticism of Buterin’s ideas came over as somewhat caustic.
Buterin wants to redesign Ethereum staking, Hoskinson reacts
During a recent interview in Turkey, Vitalik Buterin addressed the Ethereum roadmap in response to inquiries from the local community. With regard to Ethereum staking in particular, Buterin noted that “there is something to be done about staking centralization.”
He specifically brought out the difficulties that exist now with various staking pools and “solo staking being hard,” concluding that these problems and others related to it are “not really healthy.” Buterin is thinking about redesigning the blockchain’s staking mechanism. The Ethereum frontman is taking into consideration the unspent transaction-based UTxO technique as one of the potential solutions in this case.
In response, Charles Hoskinson remarked cynically, “Don’t worry, Ethereum 3 will have everything figured out.”
https://x.com/IOHK_Charles/status/1728147704620925417?s=20
Buterin has already discussed the necessity of redesigning Ethereum’s staking mechanism. Hoskinson and the Cardano army chastised Buterin earlier this year for acknowledging certain drawbacks of Ethereum’s staking system and for thinking of adding features that Cardano had already put in place to make ADA staking more user-friendly.
Whales stocking up on ETH in big way
Significant portions of Ethereum have been removed from three significant cryptocurrency exchanges during the last 30 hours, according to well-known whale transaction tracking site Whale Alert: Bitfinex, Binance, and Coincheck.
From these sites, anonymous whales have transferred 50,000, 15,000, and 33,330 ETH to their cold wallets, in that order. The enormous values of these chunks of Ethereum are $105,740,324, $31,138,359, and $68,795,390.
https://x.com/whale_alert/status/1728101335432675482?s=20
In addition, earlier today when ETH was trading at $2,089, another anonymous wallet removed 1,498 ETH worth $3.13 million from Binance. According to the blockchain sleuth account @OnchainDataNerd, this whale has paid an average of $2,079 for each coin over the last several days, totaling 4,770 ETH.
According to cryptocurrency researcher Ali Martinez, whales are now going on a massive buying binge of Ethereum. He provided a graph illustrating how, for the first time in the previous nine months, major ETH holders had been amassing substantial sums of ETH during the last nine days. This, in his opinion, is an optimistic indication for the second-largest cryptocurrency.
