Polystake is proud to be working on a Ethereum Proof of Stake token based on the Casper Protocol!

With the Casper Protocol, Ethereum will switch over to a new ‘Proof-of-Stake’ (POS) algorithm, an update over the previous ‘Proof of Work’ (POW) algorithm.

In POS, ‘stakers’ or (add explanation about ‘stalkers’) are used to validate the network to a distributed consensus, rather than miners in POW.

Staking in Ethereum requires a minimum amount of Ether to be dedicated in specialized wallets over a period of time, which returns with an interest rate paid out at the end of the period.

The current minimum to be an inaugural stake is estimated to be at around 1250 Ether, which means staking without a large amount of Ether is impossible.

We will help solve that and allow individuals, wallet providers and institutions the means to invest their Ether into staking pools with minimal commitment.

Please visit our site at Polystake.co