EOS Staking? | Bitcointalksearch.org

bgaf

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Quote from: joinfree on April 23, 2020, 05:44:44 PM

Staking on any solid project like EOS will definitely bring in some gains in the nearest future and I am not surprised that's the reason why the Ethereum foundation thought it wise enough to switch their network consensus mechanism to Proof of Stake. Though they claim the main reasons are to increase speed, scalability and ease of use I am sure they are also considering the profits aspect as well.

Well PoS cant fully increase stability of ethereum if you are talking about speed. Yes the lighter consensus mechanism will probably lift the burden to eth's problem but we cant deny how PoW works for the ethereum network capability to handle multiple transactions.

EOS DpoS is really good when I have time to shaken up some dApp and projects under their hood but still their platform is totally not friendly user. I like ethereum usability when it comes to crypto friendly approach.

I also agree with other that PoS could improved more their platform but not all aspect can guarateed. Scalability is not the only problem they must solve but also other conflict with network problematic system.

Any thoughts on being validator? Will it be worth it? 32 eth is really a huge figure for a regular investor.

joinfree

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Staking on any solid project like EOS will definitely bring in some gains in the nearest future and I am not surprised that's the reason why the Ethereum foundation thought it wise enough to switch their network consensus mechanism to Proof of Stake. Though they claim the main reasons are to increase speed, scalability and ease of use I am sure they are also considering the profits aspect as well.

bitkanu

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Quote from: redborneo on April 23, 2020, 09:41:11 AM

What do you guys think of EOS (DpoS) staking? Upcoming ETH 2.0 is a DpoS consensus as well. Might generate good % in 1-2 years if remains the same liquidity...

The stability of ethereum is much better than EOS. The next update is not only about PoS ( i may think if PoS was really different than DpoS)
In some articles, there was a good explanation about the possibility for the yield return of ethereum casper hybrid PoS system. Im on ethereum right now and have deposited some ethereums to be a validator on the beacon testnet too.
Based on some predictions and it looks like the POS ethereum will offer a better yield return and price stability rather than EOS.

DarkDays

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Quote from: bitmover on April 23, 2020, 12:42:16 PM

Quote from: redborneo on April 23, 2020, 09:41:11 AM

Might generate good % in 1-2 years if remains the same liquidity...

The problem is that "a good %" over 2 years is what? something like 8- 15% i guess.

This is nothing if the coin price's drop 80% over 2 years.

Imo, everyone should ignore characteristics such as staking and speed. Look for more important and less superficial fundamentals of a project.

That's exactly the case with EOS.

It has seen its value slide relative to other more popular cryptocurrencies like Ethereum, Tezos and Chainlink.

I'd go as far as to say that it's on a spiral out of the top 20 by market cap soon enough. I understand the benefits of the decentralized computer it offers, but it's just too complicated for the end-user right now, and the resource pools and stuff do little to alleviate this bottleneck.

Almost nobody is launching dapps on EOS anymore, and that's going to be a problem for EOS holders eventually since it will affect liquidity.

bitmover

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Quote from: redborneo on April 23, 2020, 09:41:11 AM

Might generate good % in 1-2 years if remains the same liquidity...

The problem is that "a good %" over 2 years is what? something like 8- 15% i guess.

This is nothing if the coin price's drop 80% over 2 years.

Imo, everyone should ignore characteristics such as staking and speed. Look for more important and less superficial fundamentals of a project.

fudster

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Quote from: rexxarofmoknathal on April 23, 2020, 12:16:50 PM

I don't believe that EOS will maintain its liquidity or network activity for the next 1-2 years.

You can already see how it is getting outperformed by other smart contract platforms, as developers are abandoning EOS en masse due to its overly complicated account system.

I hear that Cosmos (ATOM) is going to launch full staking soon, maybe that's one to watch. Tezos too.

EOS is big in the Chinese market, I don't know how and why they like it. But I know what you mean about this complicated system from staking to get RAM, CPU, and all. Not everyone is going to be interested in all this child's play. But anything that is supported by a big community lik EOS community will be profitable.

rexxarofmoknathal

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I don't believe that EOS will maintain its liquidity or network activity for the next 1-2 years.

You can already see how it is getting outperformed by other smart contract platforms, as developers are abandoning EOS en masse due to its overly complicated account system.

I hear that Cosmos (ATOM) is going to launch full staking soon, maybe that's one to watch. Tezos too.

jossiel

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Quote from: redborneo on April 23, 2020, 09:41:11 AM

Upcoming ETH 2.0 is a DpoS consensus as well.

The test network is already rolling. I'm more interested in this progress than the EOS because I don't EOS. As for the test network, it's said that there's already 20k validators. Just think of it, how many of it are supporting the consensus as it starts.

If this will continue and it starts rolling and changed permanently, are you ready to stake with the minimum ETH required? It's really a good passive income if you're part of it.

redborneo

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What do you guys think of EOS (DpoS) staking? Upcoming ETH 2.0 is a DpoS consensus as well. Might generate good % in 1-2 years if remains the same liquidity...

Topic: EOS Staking? (Read 181 times)