Ethereum 2.0
The upgrading of Ethereum to Ethereum 2.0 will result in the ability for proof of stake that allows stakers to earn passive income in cryptocurrency with Ethereum.
Will Heasman wrote on 1st May 2020 about the upgrade of Ethereum 2.0 with staking upgrade may trigger the price of ETH in the below article.
https://cointelegraph.com/news/ethereum-20-staking-upgrade-can-trigger-eth-price-rally
Based on the article above, I understand that Ethereum is shifting from proof of work to proof of stake to validate transactions.
That can mean that those holding large amount of ETH can stake for really cool passive income.
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Staking ETH would mean that certain percentage of ETH would be locked up to generate the reward for those who want to earn passive income.
The supply of ETH may reduce resulting the increase of demand for ETH.
Staking of ETH may allow us to earn an estimate of 4% to 10% of passive income.
This could be one of the main results why we are seeing a nice increase in price of ETH recently as more investors are interested in its future features.
With Covid-19 and other unforeseen situations, we do wonder whether this plan can be carried out this year.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that.
What is the minimum amount of ethereum for staking?
Thabk you for this post
Based on the current info online, a minimum staking of 32 ETH is required.
Wow... thats roughly about 6 btc.. that means staking is for mainly investors
It is not 6 BTC. 32 ETH at the current rate should be about US$6624. It is less than 1 BTC. Each ETH is about US$207.
My bad !!!about 0.6 there about... equivalent
@tipu curate
Upvoted 👌 (Mana: 12/30)
Thank you very much for your curation effort! Appreciate it! 😀
Do we know anything about the arrival of Ethereum 2.0? I feel as if it was supposed to have arrived quite a while ago, but we are somehow, still waiting... do you know anything?
There is delay so the current possible release date may be at Q3 2020 based on the latest information we have.
Thanks for your answer!