Ethereum

2024

when

Staking Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>)&nbsp;from home should be the “gold standard for staking,” and families should see it as a tool to create “atomic generational wealth,” notes an Ethereum community developer.
“Setting up a home validator could mean that your family operates that validator and secures the network for longer than a hundred years,” says Superphiz, a community developer and founding member of the ETHStaker community, in an interview with Cointelegraph.
Superphiz, who has argued for solo-staking before, started pushing the “#stakefromhome” narrative again last week when Geth — one of the network’s execution clients — reached an <a href="https://cointelegraph.com/news/geth-ethereum-network-share-falls-after-centralization-fears-raised">84% network share</a> among Ethereum validators. 
<blockquote class="twitter-tweet">
 This is a another view of the beacon chain. Beautiful, isn't it? Thanks to <a href="https://twitter.com/timjrobinson?ref_src=twsrc%5Etfw">@timjrobinson</a> for the reminder to <a href="https://twitter.com/hashtag/stakefromhome?src=hash&amp;ref_src=twsrc%5Etfw">#stakefromhome</a>. <a href="https://t.co/OK8nacNSvy">https://t.co/OK8nacNSvy</a> <a href="https://t.co/d4JZR73qOk">pic.twitter.com/d4JZR73qOk</a>— superphiz.eth ️ (@superphiz) <a href="https://twitter.com/superphiz/status/1750136154131685446?ref_src=twsrc%5Etfw">January 24, 2024</a>
</blockquote> 
The centralization concern prompted several validators to switch clients.
Superphiz argued that while third-party staking solutions offer a lower barrier to entry than solo staking — which costs 32 ETH or $73,000 at current prices — these&nbsp;seek to custody funds under “centralized control.”
He argues, however, that&nbsp;the hefty upfront costs of solo staking will pay dividends in the long run as it makes Ethereum more decentralized and valuable.
<blockquote class="twitter-tweet">
 I consider myself firmly midcurve, home staking was daunting at first but have to say it's brought me a lot more joy than the rewards. Can't beat the feeling of knowing my wee box contributed to the Ethereum network ticking over. <a href="https://t.co/YH38Z782ZP">https://t.co/YH38Z782ZP</a>— Madge80.eth (,)(, ) (@Madge_80) <a href="https://twitter.com/Madge_80/status/1751240527616323613?ref_src=twsrc%5Etfw">January 27, 2024</a>
</blockquote> 
This isn’t the case with the third-party staking solutions that are making Ethereum more centralized for short-term profits, he argues.
“As it stands, most of these holders are deposited into large institutions, leading to centralization and a long-term devaluation of the asset,” he added. 
Related: <a href="https://cointelegraph.com/news/coinbase-addresses-geth-dominance-concerns">Coinbase addresses Geth dominance concerns with client diversity</a>
However, Superphiz acknowledges that not everyone can fork out the 32 ETH to solo stake but said there are still plenty of ETH investors and stakers that could make the transition.
<blockquote data-ct-non-breakable="true">
 “If you have $75K of Ether, you already have a deep investment in the platform; I feel like most of these folks can spend a Saturday and watch a 30-minute staking video and get a validator operating if they wanted to.”
</blockquote>
Staking from home makes Ether “more valuable in the long run,” and the “voice of Ethereum” becomes the voice of people around the world rather than a few centralized providers, he added.
“True decentralization gives confidence to national governments, corporations, and citizens that they can trust the chain and operate with confidence on the chain.”
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/ethereum-restaking-blockchain-dangerous/">Ethereum restaking: Blockchain innovation or dangerous house of cards?</a>

ETH self-staking key to ‘atomic generational wealth’ — Ethereum dev

Cointelegraph

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