Charles Hoskinson Says Ethereum Will Become “Crypto’s Hotel California” and We Are All Prisoners Here

Charles Hoskinson, creator of IOG, the company that built the Cardano blockchain, took to Twitter to highlight the issue of how Ethereum switched to the protocol. Proof-of-Stake that Ethereum will become like the anthem “Crypto’s Hotel California” and “We’re All Prisoners Here”

In his tweet, Hoskinson commented on the fact that the Kraken exchange will not allow users to withdraw their staked Ethereum tokens until the next Ethereum upgrade, called Shanghai, is due sometime later. More than half a year after The Merge

According to Kraken, the restrictions come not from exchanges, but from the Ethereum blockchain.

Hoskinson previously said that Cardano’s PoS doesn’t require users to have an ADA lockdown, as it will be staked without the coins leaving the user’s wallet. and can be withdrawn at any time

‘We’re all prisoners here on our own devices,’ Hoskinson said of the lyrics to Hotel California.

Hoskinson went on to say that those who stake in Cardano’s PoS protocol are just ordinary people who don’t have to be rich to participate in the Cardano stake, and he stressed that this is the key difference between Ethereum and Cardano.

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