Ethereum ETF is about to be approved, but some friends still have doubts about Ethereum POS.

In fact, Ethereum POS is different from POS of other public chains.

➤ Ethereum POS

On the one hand, Ethereum POS is essentially the threshold for becoming a validator. A validator node can be established only when 32 $ETH are reached. Physically, the validator node is at least a physical computer or a virtual computer. (#SSVcan make it a distributed collaboration of several computers to complete the verification work)

On the other hand, through #Lido, participating in POS staking, although it is not necessarily that a new validator node will be added when 32 ETH are pledged. However, generally speaking, new validator nodes will be established.

➤ POS and Verification Nodes

Figure 1 is Lido's TVL, ETH standard.

Figure 2 is the number of active validators on the Ethereum chain and the number of staked ETH.

According to the official website of Ethereum, more than 32.89 million ETH have been pledged, and the total number of validators exceeds 1 million. As shown in Figure 3.

Compared with Solana, when FTX went bankrupt at the end of 2022, the number of validators on the Solana chain was about 2,200, and now it has dropped to more than 1,500. As shown in Figure 4.

➤ Ethereum computing power and POW

It is obvious that the increase in ETH staking and the number of active validators generally increase at the same time.

This means that as ETH staking increases, the computing power of the Ethereum network is also increasing.

Of course, this computing power is not the same as POW.

The computing power of Ethereum is mainly used to perform bookkeeping and verification work. It does not compete for bookkeeping rights by calculating hashes like POW.

Therefore, as ETH staking increases, Ethereum computing power is also increasing. And this computing power is more environmentally friendly.

➤Ethereum computing power and verification nodes

With the increase in ETH staking:

First, computing power is increasing. The competition and cost of ETH production are increasing. Although this cannot be compared with the scale of BTC computing power, it has similar logic.

Second, the number of verification nodes is increasing, which means that the degree of decentralization is relatively increasing.

Third, the number of verification nodes is increasing, which is conducive to improving the security of the Ethereum network.

Most public chain POS only pledges tokens, deposits coins to generate coins, and does not increase computing power or verifiers.

Ethereum is different. Staking also increases the computing power and number of verification nodes of the Ethereum network, promoting the cost, decentralization and security of the Ethereum ecosystem.