Cryptocurrency

Cardano founder Charles Hoskinson calls Ethereum ‘Hotel California of Crypto’

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Cardano (ADA) founder Charles Hoskinson has called Ethereum (ETH) “the hotel California of cryptocurrencies,” claiming ETH staking withdrawals may be delayed after Shanghai upgrade. Responded to your tweet.

The Hotel California song is about a prison where no one can escape.

In a screenshot from the Ethereum developer Discord group, Micah Zoltu, founder of Serv.eth Support, clarifies all documents and publications that there is no expected time to withdraw staked ETH. It is shown that

Here’s a screenshot:

“Certainly, I am not suggesting that the withdrawal will never be implemented. I think there are other things that are far more important to

comments are like reactions kraken email, This informed customers that their staked ETH would not be accessible until the Shanghai upgrade was completed.

The Shanghai upgrade is expected to take place between 6 and 12 months after the merger.

CryptoSlate asked Micah Zoltu for an explanation of the message, but received no immediate response.

Many within the community expect access to staked Ethereum by 2023 after the Shanghai upgrade, but an update from Ethereum developers Discord Group suggests otherwise. I’m here.

The Ethereum Foundation also said that “Shanghai upgrade will enable staking withdrawals.”

Hoskinson questions Ethereum’s staking mechanism

Charles Hoskinson further questioned Ethereum’s staking mechanism and wondered if there was another way to “implement Proof of Stake that does not require such locking of assets.”

Unlike Ethereum PoS, Cardano PoS does not require users to lock their assets as users can stake directly from their wallets and withdraw at any time.

but mica clarified His position on why withdrawal is not a priority. According to him, stakers are wealthy and can afford all the expensive hardware needed for staking.

Hoskinson agreed They say that Cardano stakers are everyday people.

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