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ConsenSys: Ethereum 2.0 validators will receive up to 10% per annum for staking

Colleen Myers from the Brooklyn startup ConsenSys claims that after the launch of Ethereum 2.0, validators will be able to expect 4.6% -10.3% annual remuneration for staking, CoinDesk reports. According to him, for the validation of blocks, network participants must have at least 32 ETH (about $ 5200 at the current rate). He also develops an application to calculate the gross and net annual income of validators, taking into account […]

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Colleen Myers from the Brooklyn startup ConsenSys claims that after the launch of Ethereum 2.0, validators will be able to expect 4.6% -10.3% annual remuneration for staking, CoinDesk reports.

According to him, for the validation of blocks, network participants must have at least 32 ETH (about $ 5200 at the current rate ). He is also developing an application to calculate the gross and net annual income of validators, taking into account the costs of equipment and electricity.

“The ETH 2.0 Calculator is created by protocol developers, validators and enthusiasts to increase the transparency and understanding of the Ethereum 2.0 economy ,” Myers said during a speech at Devcon.

He added that the launch of the new tool will occur with Ethereum 2.0 – in the first quarter of next year. Myers also clarified that the amount of remuneration he named was only indicative so far and is now actively discussed by the developer community.

“These are the assumptions put forward by Ethereum researchers. Until we switch to 2.0, no one will say about it with confidence , ”said Christie Lee Minehan, a former Core Scientific AI startup technical director, who previously proposed ProgPoW mining solution.

Sharding effect

One of Vitalik Buterin’s recent proposals suggests a sharp reduction in shards at the initial stage of the launch of network 2.0. So, instead of 1024 data segments, the founder of Ethereum suggests launching only 64.

Buterin is sure that this approach can help at first simplify communication between shards and somewhat relieve the network. However, decreasing their number means reducing the number of validators and the size of the steak needed to support Ethereum 2.0.

“Reducing the number of shards involves some compromises. In this case, it will be necessary to increase the power of the independent validators participating in the network. This is already a higher level equipment. As a validator, participation in the network will cost me more, ” Myers added.

According to his calculations, Ethereum 2.0 validators with 32 ETH steak will earn up to 10.4% per year, provided that in total 2 million coins will be blocked in the new network.

“Ethereum 2.0 seeks to solve the problems of elasticity and the balance of supply and demand. One of the truly innovative and impressive things about the new network is dynamic pricing , ”said Jack O'Holleran, CEO of Skale Labs startup.

The developers plan to implement the transition from 64 to 1024 shards during Phase 1. According to them, at this stage the system will need much more validators. According to Myers’s calculations, at this time, the remuneration to the stakers will drop to 7.2% – a yield comparable to Dash and Tezos.

As the ecosystem grows and, accordingly, the number of coins blocked for staking, the annual rate of return will decrease for each of the validators. Such a dynamic remuneration system implies that the level of remuneration to the participants corresponds to the degree of network protection they provide.

Earlier today, BlockchainJournal reported on the ideas proposed by Vitalik Buterin to improve Ethereum 2.0.

We also recall that Ethereum developers plan to reduce cryptocurrency emissions by 10 times in 2021.

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Criptomonedas

Nuevas Reglas Provisionales en Canadá Regulan la Criptoexposición de Los Bancos

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De acuerdo con las nuevas pautas provisionales emitidas por la autoridad financiera del gobierno canadiense, las instituciones financieras, incluidos los bancos y las aseguradoras, solo pueden arriesgar una parte insignificante de su capital en criptomonedas y otros criptoactivos.

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Compañías

El Fondo de Inversión CDPQ Cancela su Partición en Celsius

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El Fondo de Inversión CDPQ Cancela su Partición en Celsius

El gigante de los fondos de pensiones canadiense Caisse de dépôt et placement du Québec (CDPQ) ha dado por perdida su inversión de 150 millones de dólares en la empresa de préstamos de criptomonedas en dificultades Celsius, reconociendo que la empresa entró en el floreciente sector «demasiado pronto».

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Compañías

CEO de Coinbase: Cerraríamos el Staking de Ethereum si Nos Amenazaran los Reguladores

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CEO de Coinbase: Cerraríamos el Staking de Ethereum si Nos Amenazaran los Reguladores

Con el Departamento del Tesoro de EE.UU. sancionando diferentes proyectos como el mezclador de monedas Tornado Cash a principios de este mes, y la tan esperada fusión de Ethereum que se avecina, los entusiastas de la blockchain temen que la regulación gubernamental podría interrumpir los desarrollos en el espacio.

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