Ladies and Gentlemen take a look to this Blog entry at the official Ethereum website: https://blog.ethereum.org/2021/05/18/country-power-no-more/
The impact will be galactic for the coin. To stake Eth there are no GPU powered, energy consuming monsters necessary. That beast, Antminer announced few weeks ago will be useless, since this was designed to mine ETH. In the future we can stake on a single board computer like an Raspberry Pi. And, what is more important, the gas fees will be reduced to an minimum - which can lead to an higher adoption.
The barrier are the minimum amount of ETH needed for staking. Currently on the test net, this are 32 ETH. This amount has been defined at a time when the price of Ethereum was a fraction of today. There might be adjustments and for sure there will be staking pools to enable people with lower balance to join the ETH staking party.
Of course the mining community is slightly unhappy with this decision and would like to keep the current situation with higher fees - and an exclusiveness of access to generate new ETH.
What do you think we will see in the future? Power to the masses? Or an hard fork / block to keep Ethereum as it is? Which would your prefered roadmap?
The impact will be galactic for the coin. To stake Eth there are no GPU powered, energy consuming monsters necessary. That beast, Antminer announced few weeks ago will be useless, since this was designed to mine ETH. In the future we can stake on a single board computer like an Raspberry Pi. And, what is more important, the gas fees will be reduced to an minimum - which can lead to an higher adoption.
The barrier are the minimum amount of ETH needed for staking. Currently on the test net, this are 32 ETH. This amount has been defined at a time when the price of Ethereum was a fraction of today. There might be adjustments and for sure there will be staking pools to enable people with lower balance to join the ETH staking party.
Of course the mining community is slightly unhappy with this decision and would like to keep the current situation with higher fees - and an exclusiveness of access to generate new ETH.
What do you think we will see in the future? Power to the masses? Or an hard fork / block to keep Ethereum as it is? Which would your prefered roadmap?