The Ethereum co-founder said at ETH Taipei that many ETH holders are reluctant to stake on their own even if solo staking becomes easier.
Ethereum co-founder Vitalik Buterin stated Thursday at ETH Taipei that a primary challenge for Ethereum’s proof-of-stake mechanism is potential centralization stemming from general staking activity.
“Even if solo staking becomes maximally easy,... lots of people are not going to stake,” Buterin remarked in the speech. The Ethereum liquid staking protocol Lido has a total value locked of $34.3 billion, as per The Block’s Data Dashboard. Lido's high TVL makes it the biggest validator on the proof-of-stake blockchain Ethereum, controlling 30% of staked ether. While Lido is a single protocol, it works with over 35 entities to run the nodes and manage the block production process. Other large staking service providers like Coinbase and Binance also control large amounts of ETH stakes.
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