Ethereum 2.0 understanding - page 2.

tenakha

hero member

Activity: 1470

Merit: 509

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.

I recently found this link in the cointelegraph. Although the exact figures are unknown, the figures are as follows.

Quote from: tenakha on December 26, 2019, 07:32:17 PM

After switching to ETH 2.0, the staking reward will be 4.6% to 10.3% per year: https://cointelegraph.com/news/ethereum-20-validators-to-earn-up-to-10-annually-for-staking-report

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

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.

Yeah, they will switch from POW to POS.

electronicash

legendary

Activity: 3178

Merit: 1054

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.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

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?

For now, I don't think ETHEREUM FOUNDATION know how Ethereum 2.0 is going to look like, Ethereum for now look like a try and error for me, no clear path just throwing around cliche. If ETHEREUM fail to deliver in 2020, then this could be the begining of the END for the project

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

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.

DonValenteeno

jr. member

Activity: 103

Merit: 2

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 can even guess who's gonna be very upset. The miners. And all those who wouldn't even consider paying to Vitalik $4160 (32 eth equivalent in current prices) which is far from being a democratic price for many.

Thomas-s

hero member

Activity: 1274

Merit: 500

Proof-of-Stake Blockchain Network

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

Febo

legendary

Activity: 2730

Merit: 1288

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.

Robdwny

newbie

Activity: 15

Merit: 0

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?

Topic: Ethereum 2.0 understanding - page 2. (Read 297 times)