Buterin surprises with statements about Ethereum-Staking and Multisig Wallets

Buterin surprises with statements about Ethereum-Staking and Multisig Wallets

butterin expresses security concerns for Ethereum-Staking

In a top -class podcast, Vitalik Buterin, the founder of Ethereum, provided astonishing only a small part of his Ethereum when he admitted. This contradicts the assumption of many experts that butterin, as founders and one of the main actors of the Ethereum ecosystem, is heavily involved in staking.

had already warned in a blog post about the systemic risks of re-staking and called on to maintain the minimalism of the blockchain platform. His criticism referred to conflicts of interest in the protection of the Ethereum network, which arise when other validators join the decentralized security network for cost reasons.

Ethereum is the largest cryptocurrency after market capital, which uses the proof-of-stake process. Nevertheless, Bellerin's statement has shown that he has security concerns and only a small part of his ether.

butterin surprises with statements about multi-signature walls

Another surprising statement by Buterin in the podcast concerned MultiSig-Wallets. He pointed out that the use of such wallets was complex. In order to stake Ethereum, the keys that access the ether would have to be public in a subsystem that is online. For safety reasons, this requires the use of a multi -ig-wallet. However, the establishment of such wallets is still quite difficult and complicated.

MultiSig wallets are a common form of cryptovallet that not only require a private key, but also need at least two private keys to authorize a transaction. They are considered safer than single signature wallets because they are more difficult to chop and are more independent of a device or person. Several people can be used as co -signers. However, dangers can arise if the co -signers have undertaken to intervene, but block each other or jointly carry out fraudulent transactions.

Due to Bautinin's statement, Charles Hoskinson, co -founder of Ethereum and founder of Cardano, also surprised. He explained that this should not be a problem with a properly designed proof-of-stake protocol.

Trusted Stakers: Eigenlayer protocol in the test phase

in the podcast, butterin and Sreeram Kaanan, the founder of their own layer, also spoke about their own layer protocol. This protocol enables Ethereum stakers to transfer their credit to other blockchains and is intended to revolutionize the safety of blockchain transactions. According to the butter, the greatest danger is a possible centralization risk of the protocol. Reliable stakers are more valued by the system and the likelihood that they will be punished is lower.

but in the past has already pointed out the risks of centralization in smart contract walls. He also emphasized that Ethereum would fail without a scaling infrastructure.

The own layer protocol is currently still in the test phase and is expected to be rolled out in the third quarter of this year.