Staking, Ethereum’s Mining Alternative, Will Be Profitable – But Barely
The new miners of ethereum 2.0 are expected to make a small but positive profit for creating new blocks and validating transactions on the network.
Vitalik Buterin has outlined five steps for the roll-out of Ethereum 2.0 in early 2020.
Two of the industry’s most hotly anticipated PoS networks are scheduled to (re)launch in Q1.
Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said.
Ethereum may begin transitioning to its next-generation, proof-of-stake blockchain model at the beginning of next year – pending more tests, that is.
A new proposal by founder of ethereum Vitalik Buterin suggests a new paradigm for decentralized application deployment on ethereum 2.0.