Ethereum Proof of Stake FAQs (opens in new tab)

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64 pointsRexetBlell7y ago11 comments

11 comments

A question I had when I started learning about PoS that isn't addressed here is "how much interest can I earn per year". The answer is it depends on how many people stake, and the numbers aren't finalized yet, but estimates are that you should be able to earn 2-6%. We won't know for sure until it's live and being used.

newtoeth7y ago

This is a good resource to learn about the economics of Ethereum Proof of Stake (aka Serenity). https://docs.ethhub.io/ethereum-roadmap/serenity-phases/eth-...

Donzo7y ago

Even then, the yearly USD value of a 2-10% return on your ethers will be unknown, but hey... Compounding interest is compounding interest.

seanalltogether7y ago

I still have trouble getting my head around proof of stake. I feel like it's akin walking into a bank to get a loan, and when they ask you for collateral, you give them the contract for the last loan they approved, and its just a room full of people doing this over and over.

Isn't having something like collateral or work that is external to the system a key part of keeping value in check?

Donzo7y ago

The collateral is your stake, in this case ethers.

If you engage in provably Byzantine actions, your stake can be slashed, burned, or otherwise sacrificed or redistributed.

There are Byzantine actions that one can take that are unprovable at this time AFAIK (IE: exploiting the data availability problem).

ETHmoonmission7y ago

What hard- and software do I need to be able to stake? In non-technical words preferably :).

Sargos7y ago

Any computer or laptop can stake. Your computer will need to be online 24/7 to stake.

You will need to download an Ethereum 2.0 wallet when it releases and start staking through the UI. 6 or so of these are being built and you can check it Prysmatic Labs to see the progress on theirs.

lostmsu7y ago

Isn't the chain too large/heavy on I/O for an average laptop?

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11 comments

sputknick7y ago

newtoeth7y ago

This is a good resource to learn about the economics of Ethereum Proof of Stake (aka Serenity). https://docs.ethhub.io/ethereum-roadmap/serenity-phases/eth-...

Donzo7y ago

Even then, the yearly USD value of a 2-10% return on your ethers will be unknown, but hey... Compounding interest is compounding interest.

seanalltogether7y ago

Isn't having something like collateral or work that is external to the system a key part of keeping value in check?

Donzo7y ago

The collateral is your stake, in this case ethers.

If you engage in provably Byzantine actions, your stake can be slashed, burned, or otherwise sacrificed or redistributed.

There are Byzantine actions that one can take that are unprovable at this time AFAIK (IE: exploiting the data availability problem).

ETHmoonmission7y ago

What hard- and software do I need to be able to stake? In non-technical words preferably :).

Sargos7y ago

Any computer or laptop can stake. Your computer will need to be online 24/7 to stake.

You will need to download an Ethereum 2.0 wallet when it releases and start staking through the UI. 6 or so of these are being built and you can check it Prysmatic Labs to see the progress on theirs.

lostmsu7y ago

Isn't the chain too large/heavy on I/O for an average laptop?

1 more reply

j / k navigate · click thread line to collapse