Topic: Decentralized Staking Pools? (Read 199 times)

There are a few good coins for staking .
You can also create your one pool where you can add wallets and let them stake , mine and at the same time have some masternodes on it !
Works all well and its only a asking of how good your hardware or vps is .

Well, I believe that DPoS is flawed as it's terrible in preserving the decentralization of the underlying blockchain network. Only a select few delegates are able to support the blockchain, leaving the average person behind. While it's possible to earn rewards by "lending" your DPoS-based coins to a delegate, it's not the best model for the long-term sustainability of crypto. PoS is far more decentralized than DPoS, despite being inferior in terms of scalability. A decentralized staking pool for PoS-based coins would've been ideal. Something like P2Pool for PoS-based cryptocurrencies would do the trick. But with the introduction of "cold staking", this may be unnecessary after all.

I'm keeping an eye on Stakenet and Callisto Network as they have the "Cold Staking" feature. VSystems is another cryptocurrency which allows people to stake offline, with potential to grow massively in the future (after all, Peercoin's Sunny King is behind it). Most recently, I've heard about something called "Pool of Stake" which could prove to be quite revolutionary for further decentralizing PoS coins as we know it. Anyways, I'm glad to know that coin staking is improving every step of the way. Soon, people will be able to grasp the true benefits of PoS without fear of the inherent risks present in systems that have a single point of failure.




Decred is a good coin for staking, although the model is currently centralized. It's one of the few undervalued cryptocurrencies on the market today, with a lot of potential. In the case of ETH, there's no doubt that staking pools will emerge after the "Casper PoS" upgrade. There's already a pool announced called "Rocket Pool" which looks very promising. I believe that many ETH staking pools will be centralized, but anyone can design a decentralized version with the power of smart contracts. I've seen a few ERC-20 tokens on the Ethereum blockchain which have a PoS model. If they're integrated in a decentralized staking pool, then I believe that it'll improve the way people stake for the better. Time will tell us how PoS will improve in order to make it as decentralized as possible. Just my thoughts

Good point.  i guess my only problem with dpos is the small pool of validators.   not security wise, im not overly worried about them ALL being compromised
but moreso how for example only maybe 50ish people (or 101 people in the case of lisk) can only delegate.  everyone else still needs to pool their coins underneath the delegates
and all they get is the drippings, few % of the cut, and thats if the delegate dosent just rip you off, steal your coins, dump them and say fuk their spot in that coin as they just made $$$ scamming instead : /
of course anyone could TRY and be a delegate, but in the end there will only end up being a very small set amount : /
if dpos could include everyone equally somehow, then it would be perfect almost imo, but maybe thats just back to normal PoS then? haha




i gurantee there will be PoS pools for ETH, but they will prob be centralized (if not a smart contract automated ye), but if we trust a place thats not a big deal to me
ive been pool staking my DCR for years, its centralized behind a person running it, but the people are trusted so not a big deal to me personally
the problem with a smart contract is the whole DAO thing, if its big enough, it WILL be broken and robbed eventually

why do we need decentralized staking pools when we have dpos?
dpos coins doesn't need to provide private keys for staking and some new pos coins like solaris also supports cold wallet staking where coins and private keys are in your control and you are still getting stakes

also the massive losses are mainly the crypto market being bearish which is the nature of crypto itself

With ever-rising centralized staking pool services, there's the need for decentralized alternatives to maintain cloud staking as censorship-resistant as possible. Most people have toppled against centralized staking pools, resulting in massive losses within a short time frame. A decentralized staking pool that would provide users the ability to control their private keys, would be ideal to minimize risks as much as possible. So far, I'm not aware of something like this within the crypto space. But, if it becomes a reality, it could be quite revolutionary.

Ethereum could quite benefit from this, once it becomes a full-fledged PoS cryptocurrency. If someone is willing to create a decentralized staking pool, then the best approach would be to make it as a smart contract. It could operate within the same ETH blockchain, distributing rewards to "stakers" worldwide without the need for middleman. With some ERC-20 tokens based on PoS (like PoSToken and Accelerator Network), the idea of a decentralized staking pool would seem to be the way to go nowadays.

Nonetheless, do you think something like is possible or not?