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Ethereum 2.0 Validators to Earn up to 10% Annually for Staking: Report

Collin Myers, head of global product strategy at blockchain firm ConsenSys, reportedly claimed that in order to become a validator on the Ethereum 2.0, one is required to maintain a minimum amount of 32 Ether (ETH), which is worth $5,760 at press time. Myers revealed the news at a recent blockchain event Devcon 5, Coindesk reports Oct. 25.


Ethereum 2.0 is a major network upgrade on the Ethereum blockchain that is poised to shift its current Proof-of-Work consensus algorithm to Proof-of-Stake, passing block validation function from miners to special network validators. As previously agreed by Ethereum core developers, the first stage of the Ethereum’s transition to Ethereum 2.0 is expected to take place on Jan. 3, 2020.


At the same event, Myers also revealed a tool allowing validators to calculate annual gross and net returns, taking into account hardware and energy costs. Dubbed ETH 2.0 Calculator, the new web application is planned for launch in conjunction with Ethereum 2.0, Myers noted. The calculator’s model is discussed in Telegram group ETH 2.0 Calculator. Read More...

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