Ethereum’s Revolutionary Proof-of-Stake (PoS) Protocol and it’s Battle Against Centralization

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Proof-of-Stake (PoS) has some clear-cut advantages of PoW that I’ll highlight quickly:

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Here’s a brief breakdown of what’s currently necessary to run an ETH 2.0 node and be involved directly in securing the network (you can learn more here):

– A three year commitment to staking 32 ETH and maintaining a validator node

– 32 ETH (plus <1 ETH for gas costs)

– $717.12 (three-year reserved instance pricing for an m5.xlarge instance) + 120 (one year’s cost of 100 GB of storage, conservatively assuming nearly full storage capacity) = $837.12 paid over the course of the year to AWS

– MetaMask Extension

– Infura Account

– Configured AWS instance (three year commitment, can be less but you save money with more time and you are locked in) with hardened security features

– Import verification keys, run Teku, setup monitoring

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So how can we fight the impediments that threaten to make ETH 2.0 more centralized and give power back to the average user?