Ethereum 2.0 understanding | Bitcointalksearch.org

Trela

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Quote from: Dickiy on December 28, 2019, 09:48:23 PM

Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

what you're saying is true, people who want to POS ETH then they at least have 32eth but here the one who is upset is that investors don't have the ability to get 32eth LOL, but wait a minute I haven't heard the POS reward !?

32 ETH = More $ 4000 with the current price, and with the expected profit of PoS, I see it's like a lending fund. It also means that requirement: 32 ETH is reasonable to participate in Staking. In my country, savings deposits in banks have an interest rate of up to 8% / year. So, maybe it's normal for me. Tongue

You could check it more details through here: ETH 2.0 Economics

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Quote from: DigeNarrator on December 29, 2019, 04:30:29 PM

Quote from: Robdwny on December 28, 2019, 12:04:02 PM

Here’s my question I am somewhat new to this. When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

Few days ago Vitalik proposed to make a new coin and to intergrate ETH 1.0 into it..
i dont know what is going on but before this it shall be just an upgrade to ETH 1.0 , same chain..

A new coin? I never heard that before and what has already explained by vitalik if there will be a beacon chain. Remember the POS implementation will change almost all of the structure in ethereum blockchain and that will be so difficult if you are implementing a big upgrade in the same chain. It may possible but that will have a big risk.
In the old news has already stated if there will be ethereum 2.0

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2020 could be a very important year for the Ethereum. People trusted the Ethereum a lot. I'm one of them. The ethereum price has dropped a lot. I think Etehreum's technology deserves better prices. This year could make the expected explosion.

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Quote from: Robdwny on December 28, 2019, 12:04:02 PM

Here’s my question I am somewhat new to this. When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

Few days ago Vitalik proposed to make a new coin and to intergrate ETH 1.0 into it..
i dont know what is going on but before this it shall be just an upgrade to ETH 1.0 , same chain..

Febo

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Quote from: electronicash on December 28, 2019, 04:40:33 PM

there isn't a real information yet they aren't sure about this 32eth. but it wouldn't hurt if you have the amount though when its really you can simply join staking.

Quote from: Febo on December 28, 2019, 12:08:37 PM

Quote from: Robdwny on December 28, 2019, 12:04:02 PM

Here’s my question I am somewhat new to this. When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

I believe they plan to make 2 coins. one mined and other PoS. I have no ideas if that will happen after new yer or on latter date. Google or search on this forum will for sure help you find answer.

i thought it will just be like POS coin and totally change this POW coin to POS. its disappointing to have heard its postponed so until its unsure, i look away from ETH and seek alternative to trade with for now. this is becoming controlled.

LOL, everything in Etehreum happens with 2 years delay. Just get used of it. Their ICO brought them way to much money to work. When they will be able to spend and party then?

nutriagrigia

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Of course, the coin will remain the same. changes will be made only in its technical component. According to the words of the project team, ETH 2.0 will help solve their scalability problems, but I doubt it very much. So far, I see the only positive point in this update: it will be possible to earn Ethereum as its Holder

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Quote from: Jercyhora2 on December 29, 2019, 07:18:43 AM

Quote from: jossiel on December 28, 2019, 04:03:50 PM

AFAIK, it's just an upgrade and movement of its transition from PoW to PoS so there should be no new coin that will be made.

Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

That's basically the minimum for the eligibility of staking but it's not yet final and there might be a lot changes along its way.

There are narrative that saying 32 eth minimum holding required to be eligible on staking Ethereum but ETH will open the Pool where small investors have nothing to worry about

32 ETH to hold? I think that's a big amount for me except for large investors who can do it, I think staking doesn't make it that big, it will make small investors feel inferior and choose another way.

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Quote from: jossiel on December 28, 2019, 04:03:50 PM

AFAIK, it's just an upgrade and movement of its transition from PoW to PoS so there should be no new coin that will be made.

Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

That's basically the minimum for the eligibility of staking but it's not yet final and there might be a lot changes along its way.

There are narrative that saying 32 eth minimum holding required to be eligible on staking Ethereum but ETH will open the Pool where small investors have nothing to worry about

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Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

The thing is many companies are moving away from ethereum and choosing to build on the new BEP2 binance chain. One example would be Canyacoin CAN which has now moved from ethereum ERC20 tokens to BEP2 binance chain tokens, because it easier to build on and you can freeze and unfreeze tokens. Great for staking rewards. see here for an example of a crypto trading on the new binance chain https://www.binance.org/en/trade/CAN-677_BNB

You again here! Did you read what he said on those lines? I can see you made a new thread with these same words. Maybe you are being paid out for these spammy shill activities, but don't you think your CAN coin only getting negative PR? Try to learn how to promote it in a wise way.

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Quote from: Dickiy on December 28, 2019, 09:48:23 PM

Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

what you're saying is true, people who want to POS ETH then they at least have 32eth but here the one who is upset is that investors don't have the ability to get 32eth LOL, but wait a minute I haven't heard the POS reward !?

I think that now a huge number of people have the opportunity to buy 32 ETH because now it is very cheap, but people just do not buy it because not everyone is sure that ETH will be fine. many people also do not buy ETH because they do not want to receive such a small reward as Ethereum POS offers. I don’t buy either and will not participate in staking because I will earn more if I will just trade in ethereum.

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Quote from: pakhitheboss on December 29, 2019, 03:58:57 AM

No, there will be only one coin.
It will be a transition from POW consensus to POS. They are planning to make it completely miners free. They plan to do it in 2020. I do no think it will be possible in 2020.

It's not exactly making it miners free. Miners simply won't be doing PoS work anymore, that's all. I mean, in any type of blockchain where it's secured by nodes and nodes are rewarded for helping to verify transactions, I still call them miners, regardless of whether they're solving pow puzzles or simply staking or operating masternodes. End result is they're doing miners work, right?

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Quote from: Xxmodded on December 28, 2019, 10:44:26 PM

What for ethereum 2.0 and what will happen at the future with ethereum 2.0, I get information about ethereum will update to ethereum 2.0 but I still not understand whats going on with last ethereum, will have hard fork again with ethereum or not, I think just need when ethereum back to higher price again and give back profit for investor have loss much money with ethereum investment.

Ethereum 2.0 is an update from the old version so with 2.0 there are definitely changes but I also don't know what's really happening in Ethereum 2.0 but many people expect it to happen in the near future.
After Ethereum 2.0 is done successfully, especially in the near future this meal will affect the price too and I am also sure that the money investors who bought Ethereum will return again.

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Quote from: pakhitheboss on December 29, 2019, 03:58:57 AM

No, there will be only one coin.
It will be a transition from POW consensus to POS. They are planning to make it completely miners free. They plan to do it in 2020. I do no think it will be possible in 2020.

Only reason to price dump is mining and I think they will do it in 2020. This update isn't only improve proof of stake, transaction speed per second and more privacy will add in Ethereum blockchain 2.0. Besides Ethereum 2.0 next year has plan of Vitalik Buterin is two another hard fork. All are coming in next year.

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Quote from: Febo on December 28, 2019, 12:08:37 PM

Quote from: Robdwny on December 28, 2019, 12:04:02 PM

Here’s my question I am somewhat new to this. When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

I believe they plan to make 2 coins. one mined and other PoS. I have no ideas if that will happen after new yer or on latter date. Google or search on this forum will for sure help you find answer.

No, there will be only one coin.
It will be a transition from POW consensus to POS. They are planning to make it completely miners free. They plan to do it in 2020. I do no think it will be possible in 2020.

CjMapope

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Quote from: Robdwny on December 28, 2019, 12:04:02 PM

Here’s my question I am somewhat new to this. When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

well i thought it was a hardfork to a separate consensus, Pos fully, but in the last few weeks i'm realizing its MUCH more
read some of the articles dude, like the one linked above there on "ccfacts.com", it seems to break it down pretty good, had stuff even i needed more info on
ETH has SO many changes coming, it will be upgraded yes, but evolved might be moar accurate of a term hehe. it will be still the same coin tho, what you have now in ETH in amount will not change

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Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

I and some friends also think so, also explore the possibilities that exist, but the results are the same as you describe here. but it will probably develop and change as the project progresses. Let's just make sure later and hopefully I'm not one of those who are upset, too.

Xxmodded

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What for ethereum 2.0 and what will happen at the future with ethereum 2.0, I get information about ethereum will update to ethereum 2.0 but I still not understand whats going on with last ethereum, will have hard fork again with ethereum or not, I think just need when ethereum back to higher price again and give back profit for investor have loss much money with ethereum investment.

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I found an interesting article about the explanation of ethereum 2.0, although I haven't read it all, maybe this link can help.
Ethereum 2.0 explained

Dickiy

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Quote from: Thomas-s on December 28, 2019, 01:10:16 PM

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset

what you're saying is true, people who want to POS ETH then they at least have 32eth but here the one who is upset is that investors don't have the ability to get 32eth LOL, but wait a minute I haven't heard the POS reward !?

minairia3

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No, just same coin. They will transfer to a new blockchain and dont do any hardfork. That will be a mess if eth will just create a new blockchain with POS and still has PoW blockchain. Of course the market will be doubled if that's the case but surely eth objective is to improve but not to profit from doing this.

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