Bitcoin Forum
June 24, 2018, 03:55:26 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Please Explain Ethereum Proof of Stake  (Read 120 times)
Ucy
Sr. Member
****
Offline Offline

Activity: 532
Merit: 264



View Profile
August 31, 2017, 08:03:08 AM
 #1

I understand that Proof of Stake has to do with saving ones Ethereum to earn 1% reward for securing Ethereum Blockchain? and I learned Ethereum is planning on migrating from Proof of Works to Proof of Stake but the concept does not completely make sense to me... Does it mean no more hardware mining of Ethereum? If yes, how then will Ethereum be generated?

    ▄█████████████████████▄
  ▄
█████████████████████████▄
▄███
██████████████████████████▄
▀█████████████████████████████▀
 ▀████
███████████████████████▀
  ▀██
███████████████████████▀
    ███████████████████████
     ████
█████████████████
      ████
██████████████
       █████████████████
        ███████████████
         ▀███████████▀
          ▀█████████▀
V T O S      ███
      ▀▀▀

    ▄▀  ▄▄▄
   ▀    ███
███
     ▄ ▄
▀▀▀ ▄  ▐▌ ▐▌
     ███   █
    ▄▀▀▀▄  ▐▌
   █ █   ▀ ▄▄▄
  ▀   █    ███
 ███
   █  ▄
 ▀▀▀ ▄  ▄▄▄
      ▀ ███
      ███
      ▀▀▀

    ▄▀  ▄▄▄
   ▀    ███
███
     ▄ ▄
▀▀▀ ▄  ▐▌ ▐▌
     ███   █
    ▄▀▀▀▄  ▐▌
   █ █   ▀ ▄▄▄
  ▀   █    ███
 ███
   █  ▄
 ▀▀▀ ▄  ▄▄▄
      ▀ ███
⚫ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚫
FACEBOOK     TELEGRAM
MEDIUM    TWITTER     GITHUB

⚫ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚫
      ███
      ▀▀▀

    ▄▀  ▄▄▄
   ▀    ███
███
     ▄ ▄
▀▀▀ ▄  ▐▌ ▐▌
     ███   █
    ▄▀▀▀▄  ▐▌
   █ █   ▀ ▄▄▄
  ▀   █    ███
 ███
   █  ▄
 ▀▀▀ ▄  ▄▄▄
      ▀ ███
1529812526
Hero Member
*
Offline Offline

Posts: 1529812526

View Profile Personal Message (Offline)

Ignore
1529812526
Reply with quote  #2

1529812526
Report to moderator
1529812526
Hero Member
*
Offline Offline

Posts: 1529812526

View Profile Personal Message (Offline)

Ignore
1529812526
Reply with quote  #2

1529812526
Report to moderator
1529812526
Hero Member
*
Offline Offline

Posts: 1529812526

View Profile Personal Message (Offline)

Ignore
1529812526
Reply with quote  #2

1529812526
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Ayers
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
August 31, 2017, 08:38:58 AM
 #2

you must be new to pos lol, pos is very simple, if ethereum use the standard pos and not decred ticket pos, will be like any other pos, where your balance is the mining hashrate, and generate other coin
Westfiled
Full Member
***
Offline Offline

Activity: 123
Merit: 100

★  BitClave ICO: 08/11/17 ★


View Profile
August 31, 2017, 09:07:07 AM
 #3

I understand that Proof of Stake has to do with saving ones Ethereum to earn 1% reward for securing Ethereum Blockchain? and I learned Ethereum is planning on migrating from Proof of Works to Proof of Stake but the concept does not completely make sense to me... Does it mean no more hardware mining of Ethereum? If yes, how then will Ethereum be generated?
YOu can try to read  economics whitepaper about the casper pos and  it will be useful for you to try to go to the ethereum github and you can try to read about the explanation of the casper pos and some updates such as the metropolis update.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!