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The race between ETH2 PoS and Cardano smart contracts (which is already PoS with fully decentralized block production) is going to be very interesting! I think
by djschnei 5y ago
The race between ETH2 PoS and Cardano smart contracts (which is already PoS with fully decentralized block production) is going to be very interesting! I think both platforms could have their place and be extremely successfully, but whichever delivers first will get a nice bump for sure
- m348e912 5y agoEth as a whole has already gotten an impressive bump (in price) this year so far. They seem to be in a good place with a lot of adoption in their PoS infrastructure. At 93kUSD (as of today) of eth staking to run your own staking node, I think it's cost prohibitive for most to do it without joining a pool.
- djschnei 5y agoI think ETH2 has around $13.5b currently staked, while ADA has around $43b currently staked (1). ETH2 is nothing to scoff at, but ADA is miles ahead on adoption of PoS. ADA also doesn't have any minimum requirement to run a pool, which is pretty neat. From a price perspective, ADA has outperformed ETH all year as well (2). ETH does have a massive first mover advantage, which can't be understated. If they pull off Eth2 migration successfully and in a timely manner (before Cardano smart contracts) I imagine all those metrics will tighten significantly and/or flip (1) https://www.stakingrewards.com/ https://www.stakingrewards.com/ (2) https://www.coingecko.com/en/coins/cardano/eth https://www.coingecko.com/en/coins/cardano/eth
- m348e912 5y agoThanks man, this is interesting and good information. I'll look into it!
- hanniabu 5y agoThere's plans to lower the collateral requirements