<center>https://images.cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84NDhjNWJkNDMzNzg3MjE2NjYzM2ZjM2E0MTc3Mjc3Yy5qcGc=.jpg</center> From Cointelegraph <hr> <blockquote> Developers of Ethereum (ETH), the largest altcoin by market capitalization, have published Ethereum Improvement Proposal (EIP) #1011 on Friday, April 20, to create a hybrid system of consensus that seeks to push the network away from issues associated with crypto mining. The proposal consists of specifications for implementing the Hybrid Casper the Friendly Finality Gadget (FFG) network update, which will combine Proof-of-Work (PoW) with Proof-of-Stake (PoS) consensus, with the goal of eventually transitioning to PoS. As the EIP documentation states, one of the parameters of the upgrade reduces the block reward for miners to 0.6 ETH from the current 3 ETH: βThe PoW block reward is reduced to 0.6 ETH/block because the security of the chain is greatly shifted from PoW difficulty to PoS finality and because rewards are now issued to both validators and miners.β </blockquote> Read more: https://cointelegraph.com/news/ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues <hr> This just seems to confirm the expected path of Ethereum to go from Proof of Work mining to Proof of Stake mining with a hybrid transition period. I'm not sure why Ethereum catches so much flak. I don't care what they say about you ETH I think you're alright. Ethereum is a coin I always wish I had a little bit more of. <h4>Leave your thoughts in the comments below.</h4> <hr> Follow @contentjunkie to stay up to date on more great posts like this one. <a href="https://steemit.com/@contentjunkie"><img src="http://i.imgsafe.org/dd8bd8753d.gif"></a> <hr> <center><h4><strong>Click one of the links below to signup for a free crypto trading account</strong></h4></center> <div class="pull-right"><a href="https://www.kucoin.com/#/?r=14rgy"><img src="https://steemitimages.com/DQmRxFEaTBZXepQoU6wzX3YxPUYg8zkMH5ecX67HXes6mtE/image.png"></a> </div> <div class="pull-left"><a href="https://www.coinbase.com/join/5a3060368da046013533d035"><img src="https://steemitimages.com/DQmQrb5MJgqbRqAabX7gMAKww7b2G7EWyCC3ALz3nuQR4xy/image.png"></a></div> <center> <a href="https://www.binance.com/?ref=13619930"><img src="https://steemitimages.com/DQmS8Y5PoVJenL4Qo3WhRg1YWJ9VGcQRhFKQNx8BLePx3iZ/image.png"></a> </center>
author | contentjunkie |
---|---|
permlink | ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues |
category | ethereum |
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This post has received a 9.69 % upvote from @boomerang.
author | boomerang |
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permlink | re-ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues-20180426t061843 |
category | ethereum |
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<h3>This post, with over $50.00 in bidbot payouts, has received votes from the following:</h3> upme payout in the amount of $20 STU, $39 USD. appreciator payout in the amount of $21 STU, $39 USD. smartsteem payout in the amount of $20 STU, $37 USD. boomerang payout in the amount of $10 STU, $19 USD. **For a total calculated bidbot upvote value of $70 STU, $133 USD before curation, with approx. $18 USD curation being earned by the bidbots.** This information is being presented in the interest of transparency on our platform @contentjunkie **and is by no means a judgement of your work.**
author | transparencybot |
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permlink | re-ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues--bidbot |
category | ethereum |
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