definitely trustless staking, as long as the team spend enough money to audit their contract I think it will be fine, the problem always with trustless staking is the developer become too greedy and they under allocate budget to mantain security which also the very reason we got consistent news of contract breach though I rarely see one these past few months. I guess developer finally understand that using the best practices + audit will significantly improve their security.
with centralized staking, i'd need to do a thorough research toward the exchange, whether they are reliable enough or not, and yeah as you mentioned, account freezing can be a concern, I've heard some story where people just got their account frozen out of the blue and usually the time to resolve the problem took so long that it's becoming frustating.
Topic: Trustless vs Centralized Staking: Which do you prefer? (Read 14 times)
legendary
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Title says it all. Which is your preferred method of staking coins? Trustless or centralized? Maybe both? Personally, I prefer trustless/decentralized staking. Even if centralized staking platforms sometimes offer better rates. Nexo, Binance, and Coinbase all offer the ability to stake your coins. But since they're centralized, you don't have access to the private keys and/or seeds tied to your crypto wallet. That's a huge deal breaker for me. Especially when it poses the risk of losing it all in an instant (government shutdown, seizing/freezing accounts, etc). Decentralizing staking is good, but not perfect. If smart contracts have bugs/vulnerabilities, your coins can be stolen by hackers. So there's that.
What your choice and why? Your input would be greatly appreciated. Thanks.
What your choice and why? Your input would be greatly appreciated. Thanks.
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