The most recent statement made by the main Ethereum co-founder, Vitalik Buterin, sparked widespread panic among Ethereum (ETH) coin investors.
The Ethereum blockchain was created by Vitalik Buterin, a co-founder of Ethereum. He is a computer programmer from Russia who lives in Canada.
He is currently involved in the crypto sector as a successful crypto celebrity, and he frequently advises crypto firms on the best method to push crypto and blockchain adoption.
Vitalik was just featured in an interview with the Bankless Podcast YouTube channel, where he obliquely expressed his concern over the Ethereum blockchain’s existing development infrastructure.
Vitalik stated that he is still cautious about staking a significant portion of his ETH holdings for security reasons.
According to this Russian-Canadian coder, the present ETH staking system could be more safe in some ways, because the private key of the staked ETH is still vulnerable on public internet platforms.
In addition, he stated that multisign ETH staking is now a very challenging issue for ETH stakers. Vitalik bets only a small amount of his ETH ownership on such causes.
Another Ethereum co-founder, Charles Hoskinson, who walked out of the initiative in 2013, replied to Vitalik’s comments praising his self-created crypto-staking scheme for the Cardano (ADA) network.
BinanceUS and Coinbase were sued by the United States Securities Exchange Commission (SEC) in the first week of June of this year.
The SEC authority named various crypto assets as security crypto tokens in cases over the regulatory ambiguity in the US over the nature of crypto assets, Vitalik stated that he feels terrible for Ethereum’s rival crypto assets that are suffering such regulatory challenges in the US.
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