Ongoing Frustrations | Long Waits in ONT Unstaking Process
A rising tide of anger among people is evident as reports of extended waits in unstaking ONT continue. Many are now facing waits of up to 120,000 blocks, which can take from 17 hours to 42 days for the process to complete—raising serious questions about the efficiency of current staking solutions.
User Opinions on Current Staking Options
Concerns voiced on various forums reveal user dissatisfaction with lengthy unstaking periods. One individual lamented, "I have selected to unstake ONT but looks like it's waiting for 5000 blocks!" This case is sparking discussions about the entire ecosystem's reliability.
Alternatives to Consider
In light of ongoing frustrations, people are looking into other wallet options that might offer a better experience:
Users pointed out that Guarda wallet allows selection of staking providers, potentially offering less hassle.
Trust Wallet was also identified as an alternative, with claims of enhanced flexibility.
Interestingly, additional information emerged regarding the unstaking timeline. One commenter noted that unstaking ONT typically requires two consensus rounds, underlining how the unstaking period isn't merely a wait but a complex process.
Community Reactions
The reactions span from irritation to hope. One user shared insights, "Unstaking ONT takes up to 120,000 blocks, so be ready for a wait!" Highlighting the importance of having enough ONG in the wallet to cover transaction fees post-unstaking.
Key Insights
Unstaking process can take between 17 hours to 42 days depending on the blockchain status.
Users should ensure they have enough ONG for transaction fees post-unstaking.
New discussions also center on the need for improvements in existing staking protocols.
Given the urgency from the user community, ONT providers might need to revise their protocols swiftly to regain user confidence. If the complaints continue, this could lead to a noticeable shift toward wallets like Guarda and Trust Wallet, with more users seeking faster solutions. Increased competition might just be the catalyst that drives necessary changes in the staking process.