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Ethereum Restaking Could Hurt The Network, Warns Vitalik Buterin

Ethereum founder Vitalik Buterin has expressed concerns about restaking and other ventures that could overcomplicate the platform's consensus mechanism. Restaking allows users to stake assets they receive in exchange for staking ETH on platforms like Lido, but Buterin warned that it could overload Ethereum's consensus mechanism and compromise the network's security.

He also highlighted potential risks, including global political events and the creation of multiple chains due to hard forks. Meanwhile, ETH price has been consolidating above $1,800, with bulls defending the 100-day EMA support level near $1,770.

Ethereum Ethereum $3,396.79
+0.66%
Ethereum Vitalik Buterin
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