Ethereum PoS Looks To Be Inching Closer

There's actully a lot going on in the crypto world at the moment. Hive has a number of new projects and airdrops happening over the new few months but one of the biggest things currently on radars is Ethereum hopefully finally going to Proof of stake. Last mention it was said PoS would be happening summer of this year but if we all know something about Ethereum those promises often don't happen. Let's hope for the best though.

Ethereum Staking

At the moment of writing this you're going to need a hearty $82,000 laying around in ETH which is about 32ETH in order to become a validator of the PoS system. I'm actully not a fan of this type of PoS System and would have rather liked to see them move more words a DPOS where all users would be rewarded instead of just a few that can afford to host a validator.

One way that places are looking to offset this however are companies like Swell who will be offering the ability for those to enter and exit the PoS system with 0.1ETH or more and earn what is known as a interest bearing token that represents their stake.

This to me is a ok solution.

It's still not the best and still centralizes the heck out of things even more compared to the Proof Of Work Module so I'm not really sure ETH is moving in the right direction here with the current setup.

Swell and Other Systems

We have been seeing a increase in these types of platforms such as interest bearing accounts on your crypto and pools. However this feels like it combines the two and has the ability to create some type of mega house of centralized power. Swell just raised 3.75 million and the locked amount of Ethereum on the test PoS system is now 26 billion which is a rather sizeable amount.

To me it would make more system to simply design a DPOS system where people don't have to risk their tokens and vote on the pools. It seems like a logical step and one I hope Ethereum takes before transferring over to the POS system.

I fear there will just be a few pools are going to get the bulk of the Ethereum to stake and with that could cause some seriously huge security issues.

What are you thoughts on this?