Ethereum 2.0, POS and Rewards

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Avatar for StarLord
4 years ago

Well the move to Ethereum 2.0 is expected in late July 2020, about 1 or so months after the Bitcoin halving. This upgrade will move to build on its Proof of Work (where miners confirm blocks for a reward) to include Proof of Stake where people can stake ETH for a reward. This will also reduce the energy requirement for the Ethereum blockchain.

It will be great for increasing transactions and as an income for the Ethereum holders. Many of them long-term holders. This reward is a huge incentive and cannot be understated. Ethereum is growing big with dapps, hex token and stable coins driving transaction growth and a wide range of solutions. Staking will turbo boost it.

There are always risks of course. Price of ETH goes down while staking. Price is never gauranteed and many of the staking coins experienced terrible returns over the last two years (except for periodic P&D). But there are more upsides than potential downsides.

This upgrade will have many more features and we will look to explored them such as security, scalability and decentralisation in future posts. :)

StarLord

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Comments

Always quality posts. Ethereum 2.0 will be awesome. I have been wanting staking for ages on this huge crypto. My dreams have come true!

$ 0.00
4 years ago

Yeah many are not even aware of Ethereum 2.0. Surprise me to be honest. So posting some commentaries about it helps spread the word. :)

$ 0.00
4 years ago

I have a few friends that are now more interested in ethereum. I think they will buy eth for the staking and earning interest. :) good times!

$ 0.00
4 years ago

I can't wait any longer to see what Ethereum 2.0 is bringing. It will be an additional landmark in the world of cryptocurrency.

$ 0.00
4 years ago

It sure will. The next few months are huge from eth. 30 july is the indicative date. Hope there is no slippage.

$ 0.00
4 years ago

Thank you for the reply. I appreciate it a lot. I'll be on the lookout. Stay safe!.

$ 0.00
4 years ago