Ethereum wallet for staking | Bitcointalksearch.org

Ucy

sr. member

Activity: 2576

Merit: 401

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

Excerpt from: https://ethstaking.io/what-is-ethereum-staking/ (link already posted by someone on this thread)

Quote

Risk Aversion: Ethmining rewards can be stored in cold offline wallets. Ethstaking deposits and ethminting rewards, on the other hand, must be allowed to mature in an open wallet. With the potential for draconian penalties and the prospect of prolonged ether-at-risk exposure, many average or risk-averse ETH holders may stay away from participating as a validator. Also, those with more to gain by “gaming the system” are more strongly incentivized to join as a validator during the early part of the Casper rollout. The risk aversion problem is expected to be mitigated over time as more and more potential ethstakers see the success of the proof-of-stake security and observe how Ethereum staking works.

You probably should Google to see if such staking wallets/"open wallets" already exist. I would have Googled it myself but I don't want to share scam wallet or stuff that may end up as scam

darewaller

hero member

Activity: 2772

Merit: 634

We just have to wait till next year when they will release their Ethereum 2.0 that has this feature to really know how Ethereum intends to go about this staking plan and their plan for their wallet holders if it will require them to make any move further to migrate their wallet to a specified one that is designated for this, or if Ethereum will automatically even migrate everyone to it or leave the option for someone to either join or not.

I am sure that they will design something that will really not give people much stress about that when the time comes, so we should not jump above our shadows, if you have not gotten any update from the team as regards this, then there is no one that will give you right answer.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

Hi, be careful when you trying to find ethereum staking wallet, you may end to some phishing webs,
read more in this thread for example : https://bitcointalksearch.org/topic/scam-myetherposcom-5190754
I suggest you to keep using the official ethereum wallet to keep your ETH before they officially release for staking.

ImSuparmin

full member

Activity: 490

Merit: 100

send and receive money instantly, with no hidden c

Quote from: ivaf on October 28, 2019, 02:38:06 AM

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

You are in a hurry. The transition to Ethereum 2.0 will not be fast. It will take several years. You will not be able to immediately access your Ether in the new blockchain.
Here is some fresh, interesting material about moving to Ethereum 2.0: https://www.coindesk.com/5-takeaways-on-ethereum-2-0-from-vitaliks-beast-mode-blog-posts

Thank you for the information you provided, this will be a race for everyone, especially me about the future of ETH to come, and hopefully this information is truly original that will cheer everyone up with the change in ETH that will be even better, thank you team ETH.

ImSuparmin

full member

Activity: 490

Merit: 100

send and receive money instantly, with no hidden c

Quote from: ashmodeus on October 27, 2019, 08:33:32 PM

hello ETH believer's , i came to bring a good news for you.
for now, of course ETH still on PoW right now. and PoS system is not released yet.
and if u asking when PoS begin ?
according many many and many articles i read , Phase zero of ethereum 2.0, which enables Proof of Stake (PoS), is targeted to launch on the 3rd of January 2020.
source

Indeed this is good news for some people who invest in ETH, ETH prices right now are not good, and everyone is waiting for surprises from ETH like 2017, and I believe the ETH team that has very good performance will provide the best service for ETH, so not a few ETH is one of the currencies that investors aim for.

minairia3

sr. member

Activity: 1470

Merit: 326

Vave.com - Crypto Casino

Quote from: ?? on ??

Quote from: ashmodeus on October 27, 2019, 08:33:32 PM

hello ETH believer's , i came to bring a good news for you.
for now, of course ETH still on PoW right now. and PoS system is not released yet.
and if u asking when PoS begin ?
according many many and many articles i read , Phase zero of ethereum 2.0, which enables Proof of Stake (PoS), is targeted to launch on the 3rd of January 2020.
source

This is the information i want to know, thank you for the source too.
If they really change ethereum into a Proof of Stake coin, then the miners of eth must change their mine target.
Other ethash coin difficulty will be rising because of this, and the price will rising, so i think now is the best time to accumulate other ethash coins.

I also heard that eth will stay still with POW to continue mining the coin with mixture of hybrid POS for staking purposes. Ive seen some projects like this using double mechanism. I think veil it is, the one that is a privacy coin that enable both mining and staking. I think eth will be at the verge of fomo by many during that time as eth is really have a good team working on the ground. January 2020 is few months from now and I can feel how eth will evolve so quickly.

EastSound

sr. member

Activity: 1377

Merit: 268

Quote from: ivaf on October 28, 2019, 02:38:06 AM

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

You are in a hurry. The transition to Ethereum 2.0 will not be fast. It will take several years. You will not be able to immediately access your Ether in the new blockchain.
Here is some fresh, interesting material about moving to Ethereum 2.0: https://www.coindesk.com/5-takeaways-on-ethereum-2-0-from-vitaliks-beast-mode-blog-posts

The shift to POS is scheduled tentatively Q1 of 2020 it woudlnt take several yrs. but if you mean overall improvement then might be yes because heavy testing and research must be done properly.

ivaf

full member

Activity: 980

Merit: 109

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

You are in a hurry. The transition to Ethereum 2.0 will not be fast. It will take several years. You will not be able to immediately access your Ether in the new blockchain.
Here is some fresh, interesting material about moving to Ethereum 2.0: https://www.coindesk.com/5-takeaways-on-ethereum-2-0-from-vitaliks-beast-mode-blog-posts

Bttzed03

legendary

Activity: 2114

Merit: 1147

https://bitcoincleanup.com/

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

~
I also can't find an answer to when the pos change is supposed to be made.

This is what I saw in another thread about the ethereum roadmap https://docs.ethhub.io/ethereum-roadmap/istanbul/#timeline but there's no specified date yet for pos.

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

Major staking for eth will go back its liquidity again but Im just concern because eth has no fixed supply an infinite one. I dont think if they launch POS, the circulating supply should be fixed so to maximize the value of eth. Just hoping eth would do this in any case. If the total supply would just increase in the future then there is no bearing doing a POS coin for eth.

ashmodeus

hero member

Activity: 1638

Merit: 518

hello ETH believer's , i came to bring a good news for you.
for now, of course ETH still on PoW right now. and PoS system is not released yet.
and if u asking when PoS begin ?
according many many and many articles i read , Phase zero of ethereum 2.0, which enables Proof of Stake (PoS), is targeted to launch on the 3rd of January 2020.
source

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: CjMapope on October 27, 2019, 08:08:47 PM

its gonna be a while till PoS yet tho isnt it?

I can't figure that out either. Last I heard it was going to be at least a couple of years, but now I really don't know. And yes I'm probably jumping the gun in anticipation but I do find it exciting. Proof of stake coins are an interest of mine and have been for some time. They're friendlier to the environment than pow coins are, and make it way easier to earn too.

Quote from: CjMapope on October 27, 2019, 08:08:47 PM

imo, unless you plan on being super secure and a bit of a whale, i would just wait for exchanges to offer it Tongue

I am by no means a whale, and I'll have to see what happens. In the meantime I guess I'll just keep my Eth in my hardware wallet until something's announced.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: Pearls Before Swine on October 27, 2019, 04:39:43 PM

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

ya no worries man, they will make it easy

imo, unless you plan on being super secure and a bit of a whale, i would just wait for exchanges to offer it Tongue

kucoin and binance i bet will offer shared staking pools
its gonna be a while till PoS yet tho isnt it?

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: Pearls Before Swine on October 27, 2019, 06:00:49 PM

smart contracts but someone has to be in control of those coins being staked, right?

Its in a smart contract, the contract will run itself unless they will secretly insert a code/command that enables someone to move the funds.
Lets just wait if they are going to build a wallet for easier accessibility

This would be similar to the ONT staking feature, which is also a staking in the smart contract.

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Quote from: SamboNZ on October 27, 2019, 05:45:56 PM

I think it will be the same to other newer POS coins that it will be on a contract and the wallet wont be a requirement to run the staking feature.
more info in here: https://ethstaking.io/what-is-ethereum-staking/

Thank you for the link. The Eth has to be stored in a wallet according to the article:

Quote

A staking deposit or “stake” is held for a fixed term of 3, 6, 9, or 12 months in an Ethereum staking wallet synched with a smart contract. Your supply of ether will grow as long as you are holding ETH in an Ethereum staking wallet.

It specifically states 'staking wallet' so I'm wondering if there's one yet to be released or if you can hold the Eth in your own wallet...I have to admit that I am no expert in ethereum or smart contracts but someone has to be in control of those coins being staked, right?

SamboNZ

sr. member

Activity: 1064

Merit: 253

I think it will be the same to other newer POS coins that it will be on a contract and the wallet wont be a requirement to run the staking feature.
more info in here: https://ethstaking.io/what-is-ethereum-staking/

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

I can't seem to find the answer to this question either on bitcointalk or elsewhere on the internet.

When Eth goes proof of stake, is there already in existence a designated wallet from which holders can stake it? At the moment I'm holding my Eth in a hardware wallet but I'm sure I wouldn't be able to stake it from there. Does anyone know about this and perhaps have a link, or is this something that is so far unknown?

I also can't find an answer to when the pos change is supposed to be made. I saw a thread about this earlier but there was no link and my searches turn up old articles. Thanks.

Topic: Ethereum wallet for staking (Read 215 times)