|
October 27, 2017, 08:42:54 AM |
|
PoS works in a different way. By stacking or locking up a portion of your holding, you are simply "eligible" to get rewarded once in a while (depending on your stack size). So basically, if you have a lot of Ether stacked in relation to other users, you will be most likely to be "chosen" as a validator and therefore receive a reward. That's quite similar if you come to think about it, as getting paid dividents from a corportaion, because the same thing is happening, you're holding stock (which you can't liquidate, just like Ether) and by holding these stocks you are elligible for a quarter divident payout, which will depend on the number of shares you have. It's really nice to see these two worlds (blockchain and traditional finance) merge and take ideas from one another (traditional companies implementing blockchain, and blockchain implementing traditional finance "techniques"). Make sure therefore to stack up as much Ether as you can, the more you'll have the more you'll be rewarded once PoS goes live.
|