Uploaded July 2022 | Updated September 2026, 2 weeks ago
This video will outline when Ethereum 2.0 is coming and what this new world order entails.
Outline
ETH 2 0:00 - 0:12
When is ETH 2 0:12 - 0:23
Proof of Work 0:23 - 1:54
Proof of Stake 1:54 - 2:55
Security 2:55 - 3:22
Alt Coins 3:22 - 4:07
Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority. There is no need to hand over all your personal details to use Ethereum - you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network.
#ethereum #proofofstake
Launched in 2015, Ethereum builds on Bitcoin's innovation, with some big differences.
Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also build and deploy decentralized applications on its network.
Ethereum being programmable means that you can build apps that use the blockchain to store data or control what your app can do. This results in a general purpose blockchain that can be programmed to do anything. As there is no limit to what Ethereum can do, it allows for great innovation to happen on the Ethereum network.
While Bitcoin is only a payment network, Ethereum is more like a marketplace of financial services, games, social networks and other apps that respect your privacy and cannot censor you.
Proof of stake is a consensus mechanism used to approve cryptocurrency transactions. With this framework, Holders of the native token of a specific blockchain can stake their coins, allowing them to check new blocks of transactions and add them to the blockchain.
Staking is the process that will replace mining to verify Ethereum transactions once the merge is completed.
Staking requires users to lock up a certain amount of cryptocurrency to participate in the transaction verification process. In a proof-of-stake model, an algorithm selects which validator gets to add the next block to a blockchain based on how much cryptocurrency the validator has staked.
Investors must stake at least 32 ETH to become an Ethereum validator. There are currently more than 300,0000 Ethereum validators. The more ETH each validator stakes, the more likely that validator is to produce blocks. Each time a validator produces blocks, the validator earns rewards in Ethereum for handling validation duties.
Currently, the staking yield on Ethereum’s Beacon Chain runs around 4.3% to 5.4% annual percentage rate (APR).
With Ethereum trading at roughly $1,900, the minimum requirement of 32 ETH, which is more than $59,000, staking can be quite pricey for the average investor.
But individual investors can also join staking pools, which are collections of Ethereum stakers who combine their resources and split the rewards. Most large cryptocurrency exchanges also provide staking services for investors who are not willing or able to commit 32 ETH on their own.
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This video will outline when Ethereum 2.0 is coming and what this new world order entails.
Outline
ETH 2 0:00 - 0:12
When is ETH 2 0:12 - 0:23
Proof of Work 0:23 - 1:54
Proof of Stake 1:54 - 2:55
Security 2:55 - 3:22
Alt Coins 3:22 - 4:07
Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority. There is no need to hand over all your personal details to use Ethereum - you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network.
#ethereum #proofofstake
Launched in 2015, Ethereum builds on Bitcoin's innovation, with some big differences.
Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also build and deploy decentralized applications on its network.
Ethereum being programmable means that you can build apps that use the blockchain to store data or control what your app can do. This results in a general purpose blockchain that can be programmed to do anything. As there is no limit to what Ethereum can do, it allows for great innovation to happen on the Ethereum network.
While Bitcoin is only a payment network, Ethereum is more like a marketplace of financial services, games, social networks and other apps that respect your privacy and cannot censor you.
Proof of stake is a consensus mechanism used to approve cryptocurrency transactions. With this framework, Holders of the native token of a specific blockchain can stake their coins, allowing them to check new blocks of transactions and add them to the blockchain.
Staking is the process that will replace mining to verify Ethereum transactions once the merge is completed.
Staking requires users to lock up a certain amount of cryptocurrency to participate in the transaction verification process. In a proof-of-stake model, an algorithm selects which validator gets to add the next block to a blockchain based on how much cryptocurrency the validator has staked.
Investors must stake at least 32 ETH to become an Ethereum validator. There are currently more than 300,0000 Ethereum validators. The more ETH each validator stakes, the more likely that validator is to produce blocks. Each time a validator produces blocks, the validator earns rewards in Ethereum for handling validation duties.
Currently, the staking yield on Ethereum’s Beacon Chain runs around 4.3% to 5.4% annual percentage rate (APR).
With Ethereum trading at roughly $1,900, the minimum requirement of 32 ETH, which is more than $59,000, staking can be quite pricey for the average investor.
But individual investors can also join staking pools, which are collections of Ethereum stakers who combine their resources and split the rewards. Most large cryptocurrency exchanges also provide staking services for investors who are not willing or able to commit 32 ETH on their own.
______________________________________________________________________
1Password | Secure Enclave for Password Management
jdoqocy.com/click-100583730-14464697
Wander Bear Coffee #wanderingbearcoffee
glnk.io/y5vz/timothy
Use Discount Code for 10% OFF Everything: Timothy
🗓 No Code Technology Mastermind Zoom Call Calendar [Free to Join]
https://lu.ma/v1st3q5l
📞 Let's Talk. One-on-One.
calendly.com/session-with-tim
➕ Consider Subscribing
bit.ly/3ekpBk1
🏢 Business Consulting
statechange.ai
