Charles Hoskinson Criticizes Ethereum's PoS as Kraken Refuses to Unstake ETH Until Shanghai Upgrade

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Charles Hoskinson Criticizes Ethereum's PoS as Kraken Refuses to Unstake ETH Until Shanghai Upgrade
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Cardano's IOHK_Charles takes aim at ethereum's way of PoS implementation as $ETH gets dead locked on Kraken. ETHmerge ETHshanghai

has taken to Twitter to comment on a recent message spread by the Kraken exchange. The message says that the unstaking of the Ethereum locked there is not allowed until the next Ethereum upgrade — Shanghai.

Previously, Hoskinson made a public complaint on Twitter that after Ethereum's Merge, Bitcoin maxis would start attacking Cardano, thinking that its PoS model has the same issues as Ethereum. Cardano offers a different way of implementing proof of stake, ADA holders have reminded other Twitter users in the comment thread.Hoskinson sent a screenshot of a message from Kraken support service, saying that unstaking of Ethers is unavailable right after the implementation of the Merge. It says that the withdrawal of staked ETH will only be possible when the next ETH upgrade on the path toward Ethereum 2.0 — Shanghai — takes place.

It also indicates that this is not a particular requirement or policy of the Kraken exchange but rather it is to do with the way the whole Ethereum network operates. If only there was a way of implementing proof of stake that doesn't require locking assets like this.....

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