Ethereum’s Vitalik Buterin Sets Sights on Enhancing ETH Staking, Sparks Playful Banter with Cardano’s Founder!

"Ethereum Founder Vitalik Buterin Contemplates Redesigning Staking System Amidst Growing Concerns"

Ethereum co-founder Vitalik Buterin has expressed his concerns about the current issues with multiple staking pools and the difficulty of solo staking, stating that these problems are “not really healthy” for the Ethereum network. In response to these concerns, Buterin is considering a redesign of the staking system on the Ethereum blockchain. One potential solution being considered is the UTxO approach, which is based on unspent transactions.

Charles Hoskinson, the founder of Cardano, sarcastically responded to Buterin’s comments by saying, “No worries, Ethereum 3 will have it all sorted.” This is not the first time that Buterin has spoken about the need to redesign the staking system of Ethereum. Earlier this year, Hoskinson and the Cardano community criticized Buterin for admitting the inconveniences of the current staking system and considering features that Cardano had already implemented to make ADA staking easier for its users.

In recent news, anonymous whales have moved significant amounts of Ethereum from various platforms to their cold wallets. These transactions include the removal of 50,000 ETH, 15,000 ETH, and 33,330 ETH, with a total value of $105,740,324, $31,138,359, and $68,795,390, respectively. Additionally, another anonymous wallet worth $3.13 million transferred ETH from Binance when the price was $2,089. According to blockchain sleuth account @OnchainDataNerd, this whale has accumulated a total of 4,770 ETH in the past couple of days, with an average purchase price of $2,079 per coin.

Crypto analyst Ali Martinez believes that these whale movements indicate a bullish signal for Ethereum. He shared a chart showing that large ETH holders have been accumulating significant amounts of ETH for the first time in the past nine months. This accumulation by whales is seen as a positive indicator for the second-largest cryptocurrency in the market.

It is important to note that this article was originally published on U.Today, and it highlights the ongoing discussions and developments within the Ethereum community regarding the staking system and the movements of anonymous whales in the market.

Martin Reid

Martin Reid

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