Following the transition of the Ethereum network to proof-of-stake (PoS), Ether (ETH) staking now plays a central role in block validation and network security. Nevertheless, Some members of the community believe that the staking process is too difficult, especially for normal people.
On the Ethereum subreddit, a community member raised the issue of ETH staking and its pitfalls. According to the user, it took him a whole weekend just to get things up and running. The user said this may be something that those with “unforgiving” schedules can’t accommodate. Wrote:
“The Ethereum community likes to sugarcoat usability, but it’s healthier to just admit: this isn’t for everyone yet.”
In response to the thread, another community member also shared his experience of staking ETH and recalled the early days of Ethereum. The user pointed out that blockchain interaction back then was also difficult before more user-friendly options appeared. The community member also noted that configuring a node takes “more effort than we can expect the average person to do.”
In addition to installation difficulties, there was also the issue of bandwidth consumption. Due to the high bandwidth consumption, one user said that there is a risk that the Internet service provider will disconnect you. Another user mentioned that the costs of going over the internet data limit can wipe out staking earnings.
For its part, another community member disagreed, arguing that staking is not intended to be something easy that everyone can do. “People still consider staking as a way to get free money, when it is not. Effectively, you get paid to do a job and this requires a certain amount of knowledge and effort,” he said.
Although there are some difficulties with staking, there have also been some positive developments after the merger. On September 15, the day of the Merger, the daily blocks created went from 6,000 to 7,100, which represents an increase of 18%. Additionally, the average time it takes for validators to verify transactions was reduced by 13%.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Keep reading:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.