Post
Topic
Board Altcoin Discussion
Re: 32 ETH for staking?!
by
Ucy
on 30/10/2019, 09:30:59 UTC
I came up with an article across the web, explaining Ethereum's staking requirements in the future which is going to be a minimum of 32 ETH. Multiplying this with current prices, I get an average of $5,780 (USD) (at $180 per coin). This doesn't seem cost-effective for the average person, as it's somewhat expensive to start earning rewards from the ETH blockchain. If ETH devs leave that requirement for staking upon the launch of Ethereum 2.0, I'm afraid that the blockchain will be less secure than what it is right now (as less people will be able to keep the network strong).

The best solution would be to lower the minimum ETH required for staking in order to encourage the average person to support the blockchain as much as possible. With lower costs, nearly anyone will be able to join the ETH blockchain, making it much more resilient against third-party attacks. What do you think about this? Huh

I totally agree.
The minimum requirement is strange considering that Ethereum developers want true decentralization.
I guess it will be cheaper to sart a mining business on Proof of Work Blockchains than on Ethereum proof of stake.
$5,780 minimum requirement is too high. Not like I care about PoS though. Pow is better so far