ConsenSys: 66% of Ethereum users intend to take advantage of staking

According to the survey of blockchain technology firm ConsenSys, two thirds of the participants of the Ethereum ecosystem are planning to resort to stacking after switching to ETH 2.0 with the consensus algorithm Proof of Stake.

Of them:

  • 32.8% intend to become network validators;
  • 33.1% plan to use stacking through an intermediary.
  • 14.6% of respondents are undecided in this respect, 2.8% are not going to stake their coins.

The holders of the amount equal to or higher than 32 ETH were 63.2% of those who participated in the survey. This is the number of coins needed to become a validator on the updated Ethereum network.

Most of those who expressed a desire to become a validator have a much larger amount in ETH, the report says. Only 22.5% of those surveyed admitted that their assets have less than 32 ETH. The rest chose not to disclose the data.

More than half of the respondents also hold BTC in their portfolio, while 84% hold stablecoins. About 20% also hold assets in less popular cryptocurrencies, such as Loom or Matic.

Almost half of ETH owners (46%) keep coins in hardware wallets. The majority of those who plan to use third-party providers to stake out their coins keep the cryptocurrency in the major stock exchanges.

Only 15.8% of respondents believe they have a “clear understanding” of how the future Ethereum 2.0 network will work. The majority (54.4%) said they have a “general understanding” of this.

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Jeffrey Hancock

Jeffrey Hancock

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.