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Ethereum users are having trouble staking Ethereum

Members of the Ethereum community claim that after the transition of the blockchain to the PoS proof of ownership algorithm, staking of ethers has become an order of magnitude more complicated.

On the Reddit social network, an Ethereum staker reported that it took him a whole day to block the ethers:

“The Ethereum community loves to sugarcoat usability, but it’s more useful to just admit that staking isn’t for everyone just yet.”

Another member of the community
remembered early days of staking ETH after the Ethereum merger. And he complained that interaction with the blockchain was difficult in the early days. A community member emphasized that setting up a node requires “more effort than you would expect from the average user.”

In addition to the set up issues, the community raised the issue of Ethereum’s high bandwidth consumption. According to the participants,
exists risk of disconnection of the Internet service provider.

User
mentionedthat the costs of going over the internet data limit can kill any staking profits. His opponent
disagreedarguing that staking should not be an easy thing that anyone can do.

“People continue to refer to staking as getting free money, although this is not the case. You are actually paid for doing the work, and it requires certain knowledge and effort, ”he said.

The transition of Ethereum to a different algorithm of work caused not only staking difficulties, but also potential problems with the American regulator. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler warned the Ethereum community that ETH staking after the network merger could be subject to securities laws.

At the same time, judging by the statistics of the YCharts service, after the merger of Ethereum and the transition to the Proof-of-Stake consensus algorithm, the average block production time in the network of the second largest cryptocurrency by capitalization decreased to 12.11 seconds.

Source: Bits

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