Vitalik Buterin, co-founder of Ethereum, is finally addressing some concerns about the extension of the Ethereum staking cue, which is now growing in 45 days.
His response came after Michael Marcantonio, head of Defi at Galaxy Digital, called the length of the exit queue “nasty” and compared it to Solana, who only needs two days to unravel it. He then deleted the post.
“It is unclear how a network that takes 45 days to return assets will serve as a suitable candidate to promote the next era of global capital markets.”
Butalin appears to have a more ideological stance on the subject, describing staking from Ethereum as “like a soldier has decided to quit the army,” adding his status in “assuming a strict obligation to protect the chain.”
“The friction of quitting is part of the transaction. If a part of the army can leave suddenly at any time, the army cannot hold together.”
Overall, the network remains very secure with over 1 million active validators and 35.6 million ETH bets, or nearly 30% of the total supply.
That being said, Buterin admitted that the current staking queue design is not optimal, but reducing the constants results in a “unreliable” chain of nodes that don’t come online frequently.
Galaxy Digital recently purchased $1.5 billion worth of Solana (SOL) after partnering with Jump Crypto and the Solana Treasury company of Multicoin Capital and Trading Firm.
Galaxy Digital was also the first NASDAQ registered company to tokenize its stock in Solana.
Related: Ethereum staking queues become “parabolic”: What does price mean?
Fighting the Staking Hood
It appears that Marcantonio has deleted the post after a pushback from others.
Jimmy Lagoza, a former Consensy product manager, called out Marcantonio and Galaxy Digital, and from what he can gather from his direct message, the only thing that “relentless eth fud” has achieved is that “most entities with a vested interest in Ethereum are rethinking their business in the galaxy.”
“It appears that Galaxy has removed all of his Ethereum FUDs,” said Crypto’s lawyer Gabriel Shapiro.
“Frankly, I hope it was happening because Ethereum only looked good technically and culturally, but ok.”
“I recommend that people no longer do business with Galaxy,” said Anthony Sassano, an educator at Ethereum.
“Deleting a tweet doesn’t change the fact that a man is the ‘head of defi’ and doesn’t understand the basics of this industry and cares about baffling Ethereum more than the real truth. ”
Solana supporter Mike Dudas sided with Galaxy and said “people with “vested interests on Ethereum” must work with silly bankers in place of Galaxy, who have proven that they can promote considerable value in their bridges and bridges with Solana.”
Cointelegraph reached out to Marcantonio and Galaxy for comment.
Ethereum’s ecosystem is healthy
The Ethereum Exit queue has been infiltrating over the past few days, but remains high at 2.5 million ETHs. However, most of this is due to ki’s finances after the exploit.
Currently, the entry queue has 512,000 ETH, reaching its last two years of highs amid an institutional accumulation.
Magazine: Will XRP retest the highs? Bitcoin doesn’t lie down for long: Hodler’s Digest
