Skip to main content

It's time to stake your Ether. Ethereum is transitioning to Proof-of-Stake algorithm


After many debates and EIPs, on August 3rd, Ethereum's Vitalik Buterin announced the transition to Proof-of-Stake algorithm for the Ethereum blockchain.

The announcement states that during the transitioning period (August 3 - August 15), the Ethereum platform will run on a hybrid PoW/PoS algorithm, allowing both miners and stakers to validate transactions and thus earn Ether.

After August 15th, PoW will no longer be sustained and all blocks will be generated by the PoS consensus mechanism.
As the PoS mechanism is still in transition mode, staking is reserved forregistered addresses, until further development and the release of GUI wallets later on.

In cooperation with MyEtherWallet - the open source web wallet for the Ethereum blockchain, we are able to allow Ether holders to stake their ETH and earn dividends on a weekly basis.

At this stage, Ether can be staked for up to 10% ROI, until further implementations on the PoS algorithm, which will reduce the ROI to about 3,5-5%. 

Ethereum foundation

Comments

Post a Comment

Popular posts from this blog

DECENTRALIZED FINANCE; WHAT IS IT? – Part 1

      More than t en years gone down the lane, the block chain industry is yet to disappoint with it ever changing nature. Since the early adoption, the industry has since recorded a slow but progressive changes with the latest being the Decentralized Finance also referred to as Defi. What Decentralized Finance? ‘’DeFi is essentially just conventional financial tools built on a blockchain’’-blocknomi. These were previously built on the Ethereum network, but there is a growing number of players in this space such as Waves and Cosmos. ‘’ They are mostly predicated on open-source protocols or modular frameworks for creating and issuing digital assets and are designed to confer notable advantages of operating on a public blockchain like censorship-resistance and improved access to financial services’’ Example of a growing number of Defi Dapps on the waves platform is the Neutrino token - https://beta.neutrino.at/neutrino/usd-n ...
Post a Comment
Read more

INVESMENT OPTIONS IN THE DIGITAL ASSETS/CRYPTOCURRENCY SPACE - Part 1

•  SMART CONTRACTS; Ethereum, waves, ontology, algorand, cosmos, polkadot, cardano etc. •  TOKENS; xlm, xrp, Bitcoin Cash(BCH), etc •  DEFIS; Terra, Nexo, USDN, DAI, •  Stable Coin and Algorithmic Stable coins; USDT, USDC, USDN, etc. KEY CONSIDERATIONS IN MAKING A CHOICE •  Asset Fundamentals •  Rate of adoption •  Products and services  •  Partnerships •  Incentives TYPES OF INVESTMENT OPTIONS Passive income. Example, DAI, USDN, Waves, Ethereum, Nexo, Terra, Sia etc Buy and Hold aka Hodler: Bitcoin, Ethereum, Litecoin, XLM, XRP etc Trading (Scalping, swing, day and Position Trades). Bitcoin,Litcoin, Ethereum, BCH, etc Loans: Nexo etc TYPES OF INVESMENT – PASSIVE INCOME •  PASSIVE INCOME: Algorithmic stable coins can provide daily in system referred to as Decentralized Finance Eco system (DEFIs). Examples; USDN implement a typical CBN policy for T-bills and Bonds. By implement such monetary policy, investors are presented with a ver...
Post a Comment
Read more