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Yes, but I think the “whales” comment was a reference to the large upfront cost of staking in ETH2. At the moment a single validator requires depositing USD equ
by michaelsbradley 5y ago
Yes, but I think the “whales” comment was a reference to the large upfront cost of staking in ETH2. At the moment a single validator requires depositing USD equivalent of $94,399.36 (32 ETH).
- wmf 5y agoMining requires pooling and not surprisingly staking does too.
- soarfourmore 5y agoWhich makes it only further centralized.
- michaelsbradley 5y agoStaking pools can be decentralized or centralized. For Eth2 to have a bright decentralized future, it's important that decentralized staking pools can emerge and thrive. The Rocket Pool protocol, for example, allows for decentralized pooling: https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-3-3029afb57d4c https://medium.com/rocket-pool/rocket-pool-staking-protocol-... See also: https://our.status.im/rocket-pool-integration/ https://our.status.im/rocket-pool-integration/
- CryptoPunk 5y agoYou can stake via a pool, which greatly lowers the capital floor for participating.