> 2. The transition from proof-of-work to proof-of-stake is driving the convergence of validators and exchanges. ...I have no idea what's being discussed here:

> 2. The transition from proof-of-work to proof-of-stake is driving the convergence of validators and exchanges. ...I have no idea what's being discussed here: Can you explain further into detail? My best guess on this is that you're saying that exchanges, as a result of being the places where non-enthusiasts will park their their money at for safe investments into this space, will consequently be the place where we'll see more validators come online at, resulting in a concentration of network power accruing at the exchanges. This has been a known problem with its own solutions, with Rocketpool being the leading case for decentralized staking. It's not perfect, but it allows for people to stake into a pool, & for validators to get the ETH needed to stake a validator node in a non-centralized manner, with improvements & lower validator requirements already being worked on. Stakewise is also going in this direction with DVT for V3. https://rocketpool.net/ https://rocketpool.net/ https://twitter.com/stakewise_io/status/1575487080008130562 https://twitter.com/stakewise_io/status/1575487080008130562