You are viewing a single comment's thread from:

RE: 5 Major Catalysts on the way for Crypto, could ignite a rally in Altcoins (including Steem!)

in #crypto • 6 years ago

It seems to be a bit more than that according to the article I linked:

"The bullishness of this event is magnified when you understand that each validator must own at least 1,500 ETH to participate (~$373,500)."

https://www.ccn.com/3-mega-bullish-triggers-that-can-set-the-cryptocurrency-market-on-fire

6 years ago in #crypto by
$1.55
  • Past Payouts $1.55
  • - Author $1.17
  • - Curators $0.39
6 votes
Reply 7
Sort:  
  • Trending
    • [-]
     6 years ago  

    I'd say that's more than a bit! Have no idea where they got that number. Everywhere else I see 32.

    "Validator - a participant in the Casper/sharding consensus system. You can become one by depositing 32 ETH into the Casper mechanism." https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/eth-2.0-economics/
    "Taking into account the minimum staking requirement of 32 ETH, computing costs, code risk, general uptime and maintenance costs, and more, Myers concluded the current ethereum 2.0 specifications resulted in net yields “that are highly unlikely to attract a small validator.” https://www.coindesk.com/buterin-proposal-could-turn-ethereum-staking-into-160-million-industry

    https://www.coindesk.com/staking-ethereums-mining-alternative-will-be-profitable-but-barely

    [-]
     6 years ago  

    Yea, not sure. I see your number mentioned a few times, but I also see that 1,500 number mentioned in here as well...

    https://www.ethnews.com/vitalik-buterins-five-steps-to-becoming-a-casper-validator

    "Your deposit transaction," Vitalik clarified, will be "included in the Ethereum blockchain." This process, in which the minimum of 1,500 ETH can be staked, takes about 45 minutes, as the staked ETH induces the EVM to verify other transactions. After those 45 minutes, your identity-as-code has been written into the platform itself and "you are now staking."

    [-]
     6 years ago  

    I will look in the github. I can guarantee this much, if it's 1500 I will not be operating an ETH node... lol
    That's pretty bad news for decentralization in general since anyone can currently mine ETH PoW.

    $0.00
      Reply
      [-]
       6 years ago (edited) 

      They are both right. The hybrid PoS/PoW Casper FFG will require 1500 ETH to stake. This is during the transition from PoW. I'm guessing it's higher during that phase because more trust is required to facilitate that transition. Only large ETH foundations/stakeholders will be able to afford that. When sharding is implemented it will drop to 32.

      $0.00
        Reply