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Ethereum Devs Publish Upgrade Proposal To Move Network Away From Mining-Related Issues by contentjunkie

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Ethereum Devs Publish Upgrade Proposal To Move Network Away From Mining-Related Issues
<center>https://images.cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84NDhjNWJkNDMzNzg3MjE2NjYzM2ZjM2E0MTc3Mjc3Yy5qcGc=.jpg</center>

From Cointelegraph
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<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:

β€œThe 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.”
</blockquote>
Read more: https://cointelegraph.com/news/ethereum-devs-publish-upgrade-proposal-to-move-network-away-from-mining-related-issues

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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.

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