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Comment by m348e912 | Hacker News Reader

>>Agree on this point, FWIW, though PoW aims to fix it (which sadly is moving pretty slowly)

I think you mean PoS (proof of stake), and yes it will be several months before eth2 w/ PoS is a thing. It actually introduces other issues around centralization, but uses a lot less energy.

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> I think you mean PoS (proof of stake), and yes it will be several months before eth2 w/ PoS is a thing

Thanks, fixed the typo. If ETH2 is really months away I would be jumping for joy but it has been a "few years away" for a few years in a row now. I hope they are finishing up (and I don't mean to imply it should be faster or that they should rush)

The race between ETH2 PoS and Cardano smart contracts (which is already PoS with fully decentralized block production) is going to be very interesting! I think both platforms could have their place and be extremely successfully, but whichever delivers first will get a nice bump for sure

Eth as a whole has already gotten an impressive bump (in price) this year so far. They seem to be in a good place with a lot of adoption in their PoS infrastructure. At 93kUSD (as of today) of eth staking to run your own staking node, I think it's cost prohibitive for most to do it without joining a pool.

I think ETH2 has around $13.5b currently staked, while ADA has around $43b currently staked (1). ETH2 is nothing to scoff at, but ADA is miles ahead on adoption of PoS. ADA also doesn't have any minimum requirement to run a pool, which is pretty neat. From a price perspective, ADA has outperformed ETH all year as well (2). ETH does have a massive first mover advantage, which can't be understated. If they pull off Eth2 migration successfully and in a timely manner (before Cardano smart contracts) I imagine all those metrics will tighten significantly and/or flip

(1) https://www.stakingrewards.com/ (2) https://www.coingecko.com/en/coins/cardano/eth

Thanks man, this is interesting and good information. I'll look into it!

There's plans to lower the collateral requirements

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