Topic: What will happen after ETH goes POS? - page 2. (Read 612 times)
To be honest, it seems to me that this, on the contrary, will improve the ETH project, because it will speed up the process of transporting coins, as well as it will obviously reduce the commission, I hope that this will happen.
Fork is another word for update. In cryptocurrency community, developers will rather use the word fork. The ethereum fork is not a Chaim split rather, it is an update on existing ethereum system, which mean all coin are going to be updated, nothing changes!
The current coin will do, nothing depreciates.
With peace of mind, I buy coins for my portfolio.
With peace of mind, I buy coins for my portfolio.
Sorry for the newbie questions, but from a purely ETH investing point of view, is there anything I need to worry about or do before/after the switch the POS?
I want to invest in the most updated version of Ethereum supported by Vitalik.
I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?
I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out...
I want to invest in the most updated version of Ethereum supported by Vitalik.
I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?
I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out...
You don't need to worry that there will be no new eth coins even though the POS has been released later. this will only make ethereum more perfect because it has a hybrid system POW and POS. many think if ethereum has already run POS, there will be many people who buy and hold ethereum. the result will make the demand goes up and I think so too
I think that ETH is not a good thing to turn to POS. There will definitely be many manufacturers of mining machines coming out to block it.
Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
According to some discussions and you will need at least 32 ethereum to stake it in the ethereum network. How much return depends on the how much ethereum that you have staked it to the network, as far as i know you will get a stake wallet and then there will be a lock-up period for your ethereum Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
I think, ETH demand will increase and available supply will decrease since staking is incentivized. Increase demand + decrease supply = increase price
I really don't see Ethereum becoming a Proof of Stake token but nothing in this industry is impossible. As with every potential proof of stake token, it will encourage more investors to purchase and hold ETH since it will be a win-win situation for holders. More investors will mean more investments leading to price appreciation and good yields for holders. The rate of growth of Ethereum could also increase with this move.
Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
We are all to the expectation, definitely pos is a better system than pow, is much more eco-friendly and also gives better rewards, so welcome, the most common in this type of forks is to give you the same amount of coins so virtually you will have coins in two ETH, unless the consensus is complete and the fork is not done.
Sorry for the newbie questions, but from a purely ETH investing point of view, is there anything I need to worry about or do before/after the switch the POS?
I want to invest in the most updated version of Ethereum supported by Vitalik.
I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?
I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out...
I want to invest in the most updated version of Ethereum supported by Vitalik.
I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?
I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out...
Ethereum will remain the same, only the method of its extraction will change. If I were you, I would not worry too much about this. For over a year there has been talk of switching to POS mining, but nothing has been done yet for this.
I think that is the indispensable trend, and make the holder more ETH. The present miner is gradually abandoning the ETH exploitation because it does not bring the cost of profit as before
there is no another coin would emerge the update will include several features and one of them is adding POS protocol and the impact on The Price of ETHEREUM will be positive as we think/hope.
By upgrading Etheruim will have POS algorithm which will reduce the power consumption rather than POW algorithm, and you will be able to stack ethers you have and get rewards, but we don't know how profitable it would be.
I think PoS is an attempt to solve this problem by abstracting the mining process and applying its functions to locked contracts. PoS along with mining can drastically reduce barriers to entry into mining so keeping mining far more decentralized, environmentally friendly and more measurable.
I believe there won't be another coin after the fork. Even if there is a split, you will get them both because you own the version before the fork happens.
All I know is that's what really happens whenever a coin is fork, so we will have another coin on a wallet that we have eth I don't know much about the transition if this is going to be bad or good for the community but hey this is free money and who would not want a free money.
i think there is a very good chance that we end up seeing 2 coins in the end. probably ETH and ETHPoS coins. i say this because unlike other forks this fork is eliminating miners altogether and miners aren't known to go away that easily specially now that ETH ASIC miners are starting to grow. they will resist this fork and prevent it from happening.
I also agree that miners will resist. But unlike Ethereum on POW, Ethereum on POS will be supported and developed by the project team. And ultimately, only ETH will have a future at the POS.
Sorry for the newbie questions, but from a purely ETH investing point of view, is there anything I need to worry about or do before/after the switch the POS?
I want to invest in the most updated version of Ethereum supported by Vitalik.
I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?
I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out...
i know tat ethereum is in its hard times right now but i tend to believe that it wipl cope with everything onnits way I want to invest in the most updated version of Ethereum supported by Vitalik.
I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?
I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out...
i think there is a very good chance that we end up seeing 2 coins in the end. probably ETH and ETHPoS coins. i say this because unlike other forks this fork is eliminating miners altogether and miners aren't known to go away that easily specially now that ETH ASIC miners are starting to grow. they will resist this fork and prevent it from happening.
I also agree that miners will resist. But unlike Ethereum on POW, Ethereum on POS will be supported and developed by the project team. And ultimately, only ETH will have a future at the POS.
The transition of Ethereum to POS is not a hard fork. will not appear new coin. Ethereum will remain the same coin, just the algorithm for the mining of this coin will change.
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