According to a core developer of Ethereum, staking Ether (ETH) from home should be considered the benchmark for staking, presenting families with the potential to establish “atomic generational wealth.” In an interview with Cointelegraph, Superphiz, a core developer and founding member of the ETHStaker Community, emphasized that setting up a home validator could lead to the family operating and securing the network for over a century. Superphiz, who has previously advocated for solo-staking, renewed the “#stakefromhome” campaign last week, particularly in response to Geth, one of the network’s execution clients, reaching an 84% network share among Ethereum validators.
The apprehension about centralization has led numerous validators to transition to different clients.
Superphiz contended that although third-party staking solutions provide an easier entry point compared to solo staking, which requires 32 ETH or approximately $73,000 at current prices, these solutions tend to place funds under “centralized control.”
However, he maintains that the substantial initial investment for solo staking will yield long-term benefits by enhancing Ethereum’s decentralization. This, in turn, is expected to increase the value of both Ethereum and its underlying asset.
Contrary to this, he contends that third-party staking solutions are contributing to Ethereum’s short-term centralization for immediate gains.
He explains, “Currently, a majority of these holdings are funneled into large institutions, leading to centralization and a prolonged devaluation of the asset.” While acknowledging that not everyone can afford the 32 ETH required for solo staking, Superphiz suggests that there are still numerous ETH investors and stakers who could make the shift.
Stressing the long-term value, he asserts that staking from home enhances the worth of Ether and ensures that the “voice of Ethereum” reflects the perspectives of people globally rather than being dominated by a few centralized providers.
He adds, “True decentralization instills confidence in national governments, corporations, and citizens, assuring them that they can trust the chain and engage with confidence on the chain.”