Eth2 is neutral infrastructure for our financial future

Ethereum 2.0 is not a panacea, but its unbiased platform by design and mechanism might solve some of society’s problems.We are in an unprecedented period of social, political and economic turmoil. As the decentralized financial infrastructure powering billions of dollars of value and building thousands of companies grows, we need to recognize instability around us.

Today, if there’s anything that people tend to agree on (at least in the United States) it is that “The economic system unfairly favors the powerful.” To avoid this fate and remain credibly neutral, Eth2 follows in Ethereum’s footsteps, eschewing on-chain governance, in favor of technical governance through rough consensus.

Eth2 does not cap the validator active set, and only requires 32 ETH to spin up a validator. While not equally accessible to everyone, this sum is not unreasonable, as running a validator allows an entity to support the decentralized economy in perpetuity, while earning the crypto equivalent of the risk-free rate of return. And those with less than 32 ETH (most people) can always pool their funds using Kraken, Rocket Pool or other services to participate on Eth2.

Reference :

https://cointelegraph.com/news/eth2-is-neutral-infrastructure-for-our-financial-future

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Author: Priyanka

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