🚧 POW Is Out Soon And Replaced With POS - Ethereum

in #crypto • 6 years ago

eth.png

While the battle ranges on if those ethereum coins should be allowed to be recovered or not it seems like the main developers are pushing ahead with better things to improve Ethereums blockchain.

EIP 1011 is Hybrid Casper FFG is the first step towards moving Ethereums network from POW (Proof of work) where you mine coins via hashing rates of your computer to POS which is having your wallet open with a stack value which does not require massive loads of mining processes. Is now up for review as of Friday and will push its way up to Casper which will be when the blockchain flips. The more ether you hold the more you could be "minting"

However this final code when all said and done will require another hard fork but it is still some time before that will happen and yet again we will be talking about forked coins like last year ah the joys!

steemit-sig-final.gif

#cryptocurrency #ethereum #eth #casper
6 years ago in #crypto by
$71.74
  • Past Payouts $71.74, 0.00 TRX
  • - Author $70.22, 0.00 TRX
  • - Curators $1.52, 0.00 TRX
34 votes
Reply 8
Sort:  
  • Trending
    • [-]
     6 years ago (edited)
    "However this final code when all said and done will require another hard fork "

    Are we going to see EthereumPOW and EthereumOriginal forks? Look at what happened to the Monero fork. Maybe the miners will just switch to ETC?

    $2.10
    • Past Payouts $2.10, 0.00 TRX
    • - Author $1.58, 0.00 TRX
    • - Curators $0.52, 0.00 TRX
    1 vote
    Reply
    [-]
     6 years ago 

    The most profitable GPU mining now is with the Neoscrypt algorithm. During the run up not only could you mine a lot of coins, but the price of these coins was mooning. Most of these were crap masternode coins, which have all cratered, but it's still profitable to mine them and immediately sell them for BTC.

    $0.21
    • Past Payouts $0.21, 0.00 TRX
    • - Author $0.21, 0.00 TRX
    • - Curators $0.00, 0.00 TRX
    2 votes
    Reply
    [-]
     6 years ago 

    There is Zcash, Bitcoin Private, ETC, Verge, Bitcoin Gold or just sell you gpu power to nicehash. Plenty Of Alt

    $0.00
      Reply
      [-]
       6 years ago 

      It seems like POS is all the rage now. I'm interested to see how all of this plays out in the long term. The ability to throttle inflation, deflation, and consolidation is an ongoing challenge that can destroy a system if it gets out of whack. POS looks to make positive movements with mitigating some of these issues, but only time will tell. As we know from all of history, if the system can be games, it will be.

      $0.38
      • Past Payouts $0.38, 0.00 TRX
      • - Author $0.36, 0.00 TRX
      • - Curators $0.02, 0.00 TRX
      4 votes
      Reply
      [-]
       6 years ago 

      It's a very helpful topic that you said. I like your post really.

      $0.00
        Reply
        [-]
         6 years ago 

        Really nice to see this kind of changes.Ethereum has huge potential to skyrocket in the future.Can't wait to see it go up.Thanks for informative post.

        $0.00
          Reply

          Coin Marketplace

          STEEM 0.15
          TRX 0.12
          JST 0.025
          BTC 53406.14
          ETH 2398.08
          USDT 1.00
          SBD 2.15