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Author Topic: Ethereum 2.0 understanding  (Read 253 times)
Jercyhora2
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December 29, 2019, 12:18:43 PM
 #21

AFAIK, it's just an upgrade and movement of its transition from PoW to PoS so there should be no new coin that will be made.

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset
That's basically the minimum for the eligibility of staking but it's not yet final and there might be a lot changes along its way.

There are narrative that saying 32 eth minimum holding required to be eligible on staking Ethereum but ETH will open the Pool where small investors have nothing to worry about
kolonel_x
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December 29, 2019, 04:44:02 PM
 #22

AFAIK, it's just an upgrade and movement of its transition from PoW to PoS so there should be no new coin that will be made.

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset
That's basically the minimum for the eligibility of staking but it's not yet final and there might be a lot changes along its way.

There are narrative that saying 32 eth minimum holding required to be eligible on staking Ethereum but ETH will open the Pool where small investors have nothing to worry about

32 ETH to hold? I think that's a big amount for me except for large investors who can do it, I think staking doesn't make it that big, it will make small investors feel inferior and choose another way.

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December 29, 2019, 06:13:16 PM
 #23

Of course, the coin will remain the same. changes will be made only in its technical component. According to the words of the project team, ETH 2.0  will help solve their scalability problems, but I doubt it very much. So far, I see the only positive point in this update: it will be possible to earn Ethereum as its Holder


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December 29, 2019, 08:35:26 PM
 #24

there isn't a real information yet they aren't sure about this 32eth. but it wouldn't hurt if you have the amount though when its really you can simply join staking.

Here’s my question I am somewhat new to this.  When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

I believe they plan to make 2 coins. one mined and other PoS. I have no ideas if that will happen after new yer or on latter date. Google or search on this forum will for sure help you find answer.

i thought it will just be like POS coin and totally change this POW coin to POS.  its disappointing to have heard its postponed so until its unsure, i look away from ETH and seek alternative to trade with for now. this is becoming controlled.

LOL, everything in Etehreum happens with 2 years delay. Just get used of it. Their ICO brought them way to much money to work. When they will be able to spend and party then?
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December 29, 2019, 09:30:29 PM
 #25

Here’s my question I am somewhat new to this.  When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

Few days ago Vitalik proposed to make a new coin and to intergrate ETH 1.0 into it..
i dont know what is going on but before this it shall be just an upgrade to ETH 1.0 , same chain..
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December 29, 2019, 10:44:23 PM
 #26

2020 could be a very important year for the Ethereum. People trusted the Ethereum a lot. I'm one of them. The ethereum price has dropped a lot. I think Etehreum's technology deserves better prices. This year could make the expected explosion.
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December 30, 2019, 04:46:43 AM
 #27

Here’s my question I am somewhat new to this.  When Ethereum 2.0 Comes out will it be the same coin
As Ethereum now just upgraded?
Or is this a separate new coin?

Few days ago Vitalik proposed to make a new coin and to intergrate ETH 1.0 into it..
i dont know what is going on but before this it shall be just an upgrade to ETH 1.0 , same chain..
A new coin? I never heard that before and what has already explained by vitalik if there will be a beacon chain. Remember the POS implementation will change almost all of the structure in ethereum blockchain and that will be so difficult if you are implementing a big upgrade in the same chain. It may possible but that will have a big risk.
In the old news has already stated if there will be ethereum 2.0


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December 30, 2019, 08:35:25 AM
 #28

of course, it will be the same coin, but it will have a different mining algorithm. if now the ETH network is supported by miners who use the POW algorithm, then in ETH 2.0 will be used POS, which will support the network by freezing a certain amount of coins, specifically, as I know, 32 Ethereum. I think that after this update a lot of people will be upset
what you're saying is true, people who want to POS ETH then they at least have 32eth but here the one who is upset is that investors don't have the ability to get 32eth LOL, but wait a minute I haven't heard the POS reward !?
32 ETH = More $ 4000 with the current price, and with the expected profit of PoS, I see it's like a lending fund. It also means that requirement: 32 ETH is reasonable to participate in Staking. In my country, savings deposits in banks have an interest rate of up to 8% / year. So, maybe it's normal for me. Tongue

You could check it more details through here: ETH 2.0 Economics

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