Since there is no possibility of any strategy for quick exit in the event of sudden price fluctuations in any way, the stacker is not much inclined to stake its stake on Ethereum. This is also one of the most important reasons for this.
In Eth2.0, the stackers have to close 32 ETH to become its verifier, which is worth over $ 60,000 at the current Ethereum price. Anyone who wants to participate in it has to join it for a long haul, the reason being that stakers can unstack or transfer their funds before the next phase of Eth 2.0 is completed. If seen, there is no set day for this. Anyone who has 32 ETH can place bets and join this pool. If seen, to some extent it can be risky because the pool participants have to pay this fee.
Polkadot and Cardano are also working hard to prevent Ethereum from becoming the preferred stacking platform of all. He is luring people that the stalking user on their platform will be given a longevity benefit of 6 months. Whereas other platforms are able to give longevity benefits for only 2 months to the users staking in ETH 2.
In addition, other platforms have a longevity advantage over Ath2, which has been in operation for just over two months. By comparison, Polkadot and Cardano have got six months to lure stalkers into joining the network.
What about the competition?
Talking about Cardano, it may also lead to a new pack in terms of stacked value, but before that the ADA will have to bring this new mainnet into operational status as part of its project which will require full functionality to work with That he could complete his roadmap by covering this long distance quickly. It has also been seen that Stacker is constantly betting on its future value for Cardano, as the ADA has performed well in 2021 with a reasonable and substantial profit.
On the other hand, in terms of development and progress, Polakdot is far ahead of its competitors. According to Polkaproject, all the activities of Polkadot are on track of development. At the moment, more than 350 projects are being built correctly on the platform of DOT, which is
Providing a very positive signal to maintain the running value of DOT in a similar way.
What is our opinion about the stacking of Ethereum 2.0.
Let us talk about Ethereum first. This is an old and reliable project. It has long been firmly holding the second position in the cryptocurrency market. After BITCOIN, the biggest investors believe only on ETH. ETH has seen many ups and downs in its journey and has always lived up to the expectations of its loved ones while facing them fearlessly.
This phase is of Proof of Skate, as soon as ETH 2.0 is fully activated, we will also see a lot of benefit in it. We feel as always ETH will not disappoint its loved ones. Until the mainnet of ETH 2.0 does not come, bad thinking about it is not appropriate. We hope you will also agree with us.
