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Author Topic: Ethereum proof of stake  (Read 239 times)
berrehili
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January 02, 2019, 02:18:12 PM
 #21

in my opinion the worst thing about this hard fork of ethereum is the fact that it has a very high chance of splitting it into another new altcoin. so in the end after this fork we can end up with 3 ethereum coins.
- the original ethereum with immutability currently called ETC
- the current ethereum fork with PoW which has the miners working on it which may not give up the revenue specially with the ASICs
- the new PoS fork of it

if this happens, since it acts as a free airdrop we may see a big dump right after the fork.

+1

I'm sure that miners won't let go their ASIC's for ETH, and they'll add up the new ETH to their production too. The question is: What will be dumped? Wink

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Saugani
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January 02, 2019, 05:47:15 PM
 #22

I believed that POS means Proof-of-stake. currently ethereum is working towards a hard-fork this january and one of the major reason is to enable or run POS.  currently, we noticed that ethereum is back on second spot in the market.
what can this proof of stake offer to ethereum and what does it stands for ?
The "Constantinople" hard-fork doesn't include PoS yet.
Progress Tracker: https://github.com/ethereum/pm/wiki/Constantinople-Progress-Tracker
Changes:
https://eips.ethereum.org/EIPS/eip-145
https://eips.ethereum.org/EIPS/eip-1014
https://eips.ethereum.org/EIPS/eip-1052
https://eips.ethereum.org/EIPS/eip-1283
https://eips.ethereum.org/EIPS/eip-1234
Very informative...even not yet, but a good step HF will be opening early to regarding issues related PoS. I hope too the community can look any update development on Github.

glad to see, a few days when I see discussing about HF I always attach the source as such you buddy. Great!!

Hardfork will improve the ecosystem by little be better, for me the most important thing ethereum was need to expand the scalability so like TPS is very limit and millions of users every second within transactions and an increase many new developers that using dApp Ethereum.

batang_bitcoin
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January 02, 2019, 05:52:54 PM
 #23

The question is: What will be dumped? Wink
The ones that will get less support and my guess the one that will remain and chosen by the people is the one that has PoS algo.

aprilnot
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January 02, 2019, 05:55:56 PM
 #24

I believed that POS means Proof-of-stake. currently ethereum is working towards a hard-fork this january and one of the major reason is to enable or run POS.  currently, we noticed that ethereum is back on second spot in the market.
what can this proof of stake offer to ethereum and what does it stands for ?
Hardfork has already announced by core ethereum developers and it will start on 17 january. But remember this is an early hardfork to make ethereum will migrate to the POS system. The block decrease will have done asap and until it will give the miners a little reward and then ethereum will be less on its inflation.

yes you are right, this update seems to prepare the POS system. POS will make ethereum stronger than yesterday.

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BayAngelo (OP)
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January 03, 2019, 11:42:10 PM
 #25

Are we saying that the  More we Stake  ethereum, the more it influence the market movement.

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