Charles Hoskinson Criticizes Ether Pos As Kraken Doesn’t Allow Unstake ETH Until Paris Update

Charles Hoskinson, the founder of IOG and the Cardano blockchain, took to Twitter to remark on a recent letter distributed by the Kraken exchange. According to the notification, unstaking of the Ethereum locked there is not permitted until the next Ethereum update — Shanghai.

Hoskinson submitted a snapshot of a notification from Kraken’s support service stating that unstaking of Ethers is now impossible following the Merge’s adoption. It states that withdrawal of staked ETH will be permitted only when the next ETH upgrade on the way to Shanghai occurs.

According to the statement, Shanghai will be ready six months after The Merge is completed. It also implies that this is not a specific necessity or policy of the Kraken exchange, but rather a feature of the Ethereum network as a whole.

Charles Hoskinson did not mention that Cardano’s proof-of-stake methodology differs from Ethereum’s; instead, some of the comments did. Responding to individuals who were curious, they tweeted that staking on Cardano does not require stakers to move ADA from their wallets, and so ADA may be unstaked at any moment.

On September 15, Ethereum developers performed the Merge upgrade, converting Ethereum from PoW to PoS. Cardano is also getting ready to celebrate its big day, which is set on September 22 with the Vasil Hard Fork upgrade.

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