Ethereum co-founder Vitalik Buterin has finally responded to concerns regarding the ever-lengthening Ethereum staking withdrawal queue, which has now grown to 45 days.
His response came after Michael Marcantonio, head of DeFi at Galaxy Digital, referred to the length of the withdrawal queue as "concerning" on X and compared it to Solana, which only takes two days to unstake. He later deleted those posts.
However, Buterin seems to have taken a more ideological stance on the issue, describing unstaking from Ethereum as "more like a soldier deciding to leave the army," and adding that staking is more about "taking on the solemn duty of defending the chain."
Overall, the network remains highly secure, with over 1 million active validators and 35.6 million ETH staked, accounting for about 30% of the total supply.
That said, Buterin acknowledged that the current design of the staking queue is not optimal, but reducing the constant would make the chain "less trustworthy" for nodes that do not come online frequently.
Recently, Galaxy Digital purchased $1.5 billion worth of Solana (SOL) after establishing a Solana treasury company in collaboration with Multicoin Capital and trading firm Jump Crypto.
Galaxy Digital is also the first Nasdaq-listed company to tokenize its shares on Solana.
Marcantonio seems to have deleted those posts after facing opposition from others.
Former Consensys product manager Jimmy Ragosa criticized Marcantonio and Galaxy Digital, stating that from what he learned from private messages, the "ruthless ETH FUD" has only resulted in "most entities with vested interests in Ethereum now reconsidering their business relationships with Galaxy."
"Clearly, Galaxy had their DeFi head delete all the FUD about Ethereum," said crypto lawyer Gabriel Shapiro, adding that "he is engaging in extremely provocative psychological manipulation."
"I would suggest people stop doing business with Galaxy," said Ethereum educator Anthony Sassano, adding:
Solana supporter Mike Dudas sided with Galaxy, stating that "people with 'vested interests' in Ethereum have to work with bad bankers instead of collaborating with Galaxy, which has proven through Solana that they can drive significant value in transactions and connect to a broader stakeholder group."
Cointelegraph has reached out to Marcantonio and Galaxy for comments.
The Ethereum withdrawal queue has decreased in the past few days but remains at a high of 2.5 million ETH. However, a significant portion of this comes from Kiln Finance's withdrawals following an attack.
Currently, there are 512,000 ETH in the entry queue, recently hitting a two-year high amid institutional accumulation.
Related: Forward Industries plans to sell up to $4 billion in shares to expand Solana (SOL) treasury
Original article: “Vitalik Buterin Defends Ethereum (ETH) Withdrawal Queue, Galaxy Digital Deletes Controversial Posts”
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