Ethereum Co-Founder Vitalik Buterin Reveals ETH Staking Strategy

The co-founder of Ethereum, Vitalik Buterin, stated that he does not stake all the Ether (ETH) tokens he owns because multisignature wallets are “complicated in a bunch of ways.”

Buterin revealed on a June 29 episode of the Bankless podcast that the “biggest reason” why he only stakes a small fraction of his ETH holdings:

“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 fairly difficult to set up; it gets complicated in a bunch of ways.”

Co-founder of Ethereum and Cardano Founder Charles Hoskinson took to Twitter to state that he is “at a loss for words” after learning the fact that Buterin stakes only a small portion of his Ether.

“I had to listen to this a few times. I'm just at a loss for words. All of our Ada is staked. Guess what that's how it's supposed to be for a properly designed Proof of Stake protocol,” Hoskinson tweeted on June 29th.

Sources:

https://cryptoslate.com/vitalik-buterin-stakes-only-a-modest-portion-of-ethereum-heres-why/

https://cointelegraph.com/news/vitalik-buterin-declares-not-staking-all-eth-a-small-portion

https://www.fxstreet.com/cryptocurrencies/news/ethereum-creator-vitalik-buterin-believes-staked-ether-is-at-risk-of-being-stolen-202307021137