🎛️Proof Of Stake EtherPOS
ETHERPOS uses an algorithm that is safe for Everyone and creates a new ETHERPOS in the process.
Last updated
ETHERPOS uses an algorithm that is safe for Everyone and creates a new ETHERPOS in the process.
Last updated
Now, how much capital do people want to lock up for a $1 per day reward? Unlike ASICs, stored coins do not depreciate, and when you are done staking, you get your coins back after a short delay. Therefore, participants must be willing to pay a much higher cost of capital for the same amount of prizes.
Let's assume that ~15% rate of return is enough to motivate people to gamble (that's the expected return on ether), You have enough time to earn 15% of ether returns before the halving occurs.
In the long term, staking becomes more efficient and people become comfortable with lower returns. I personally hope this figure will eventually rise to around $1000.
Note that the only "cost" in getting to this level of security is the inconvenience of not being able to move your coins around as you please while you are staking. It might even be public knowledge that all these coins are locked up causes the value of the coins to go up, so that the total amount of money circulating in society, ready to make productive investments etc, stays the same! Whereas in PoW, the "cost" maintains the consensus is real electricity burned in enormous amounts.
Halving in ether only applies to STAKING contracts so don't worry, based on the smart contract we created, the halving will occur when 100 blocks are obtained from the staking contract of each validator.
Example :
Jhon stakes on December 1, 2022, Jhon will get a block prize every 192 hours or around December 8, 2022 (this is Jhon's first Block prize) and goes straight to the wallet.
John has the right to get 100 block rewards of 15%/month from the amount staked by John, after the block reward reaches 100 then John will no longer get 15%/month but will get 7.5%/month on blocks 101 to 200 and so on
The conclusion is that every validator has the same opportunity because the block reward is calculated based on when the block starts for each validator.
