Stalking ETH 2.0

[beerlover]

Pros are so much that I will start with cons. The worst fear I have is that we are already having so much trouble with gas fee during something like proof of work and most of the time proof of stake has limited transaction numbers it can secure easily because there isn't many people that does it, hence it becomes harder.

If we have ton of people with 32+ eth then it would be fine but we have so many transactions that, the amount of people who will do the 32+ eth thing may not be that great. So, I believe that there isn't really a deal where gas fee will drop significantly, and it may even increase a lot.

Aside from that, the pros are countless and everything about it is great, the fact that miners will be gone and main seller group will not be around anymore and there will be more reason to buy and own it and not sell it all could make it worth a lot more.

[eaLiTy]

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

If have 32 ETH then you can be a solo validator rathe r depending on anyone else, if you are not holding that much and only a portion then you need to find out someone who is willing to stake them for you and if you think you can trust Binance you can stake your coins.

The con is that if they have a major hack and they plan to shut down their business, you might not get your coins back.

Of course it is worth it because Binance has some similarities with Ethereum.
ETH 2.0 means to be upgrade for Ethereum, it will bring a lot of improvements to the network. If they are successfully running it that means the upgrade does bring something good for the project, then why not follow it and do the same thing too since it is also good for their own.
what is the con for doing something like this? not being the original? I do not know.

OP is not asking about Binance chain and Ethereum, he is asking about staking in their exchange . Regarding the improvements, i doubt we will see any major improvements and the migration is risky as well .

[sgenuine]

Better staking cake coin, I think more profitable than Eth 2.0. If you want to participate in Eth 2.0, it is better to wait for the Ethereum coin to experience a correction first, currently the price of Eth is still fairly high. It's not yet time to put your funds on Eth this time. I am confident that the eth 2.0 project will bring a very big update later. Analyze to find out when is the right time to store this coin.

I do yield farming in Cake-BNB pair and it really gives big APYs (around 50%) so I also consider cakes to be more profitable. What is more, transaction fees are very low on Binance Smart Chain compared to Ethereum.
Staking Ethereum means that until it launches your money will be locked so you will not be able to invest is something more profitable as chance offers.

[coco23]

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

Well, it's not so complicated imho.
Pro: Easy interface on the Binance platform, you don't need to worry about technialities. ALso Binance is a big player and not some shady small platform without experience and/or built up trust
Con: You need to trust Binance as a platform. They are in a fight to become a "proper" trading exchange and had some legal issues in the past. Nothing is guaranteed, so never invest more than you can lose.

[elisabetheva]

Better staking cake coin, I think more profitable than Eth 2.0. If you want to participate in Eth 2.0, it is better to wait for the Ethereum coin to experience a correction first, currently the price of Eth is still fairly high. It's not yet time to put your funds on Eth this time. I am confident that the eth 2.0 project will bring a very big update later. Analyze to find out when is the right time to store this coin.

the thing to think about first, is to analyze it properly before taking any action that might be misleading because it seems rushed. obviously with coins now very high it's better to wait for next year when indeed all coins will be corrected recently. everyone clearly hopes that there will be significant changes with the advent of eth2.0, but can it be immediately effective? untested and we are waiting for it.

I do yield farming in Cake-BNB pair and it really gives big APYs (around 50%) so I also consider cakes to be more profitable. What is more, transaction fees are very low on Binance Smart Chain compared to Ethereum.
Staking Ethereum means that until it launches your money will be locked so you will not be able to invest is something more profitable as chance offers.

agree that it must be admitted that the current transaction fees on binance are definitely cheaper and the best to date, but will it continue like this? it definitely won't, because if the BNB coin goes up high it will cause all costs to follow and that also happens on ethereum.

maybe there are many different perceptions if we start following a certain program, some feel good but some feel it is not good, it seems that it is still normal.
but actually for me staking is like a deposit in a bank and has been determined by strict rules and certainly cannot be taken before the end of the period, if you have sufficient funds there is no problem, but if the capital is just that and you want to do other things , clearly ineffective.