Ethereum 2.0, the new version of the network of Ethereum, it will bring new conditions to its validators. This new version of the ETH, which will arrive in January 2020, will reveal a big change for the entire network. This is because it will replace the traditional algorithm, Proof of Work Proof of Stake. Unlike the Proof of Work (Proof of Work), in the Proof of Stake (Proof of Participation), it is necessary that each validator is the owner of certain amount of the criptomoneda. The logic of this system, which will be implemented in Ethereum 2.0, is that in order to validate transactions and create blocks, a validator should first have their own currencies. It is similar to if your funds were held in an escrow account: if you validate a fraudulent transaction, they lose their tokens, as well as the right to be a validator in the future. It is believed that by directly involving the money of the validators, these will prevent you from performing fraudulent transactions in the network. What you will end up making the network much more secure. Therefore, in the interest of complying with the necessary requirements to apply this new algorithm, now the validators of Ethereum should have a minimum amount of 32 ETH. So I mentioned it to the head of global product strategy in the firm chains of blocks ConsenSys, Collin Myers. From 3 of January of next year, the validators should be required to maintain a minimum amount of this criptomoneda in their portfolios.
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Calculator ETH 2.0
Another novelty that brings this update of the network is the so-called “Calculator ETH 2.0”. This is a new web application that is planned to allow the validators to calculate the gross and net a year, taking into account the costs of hardware and energy. It is hoped that this tool will become the right hand of the next validator of Ethereum. In addition, to improve the efficiency in their work, which will ultimately improve the efficiency of the entire network. However, the update has some points against it. As Myers points out, one of the main issues is how to capture the validator and show that it is really profitable to participate in ETH 2.0. “You have to increase the power of the (validators) independent running on the network. It is a higher grade of hardware. It’s going to be a little more expensive for me to participate as a validator”. For now, await the launch of this new network and assess its level of acceptance among the validators. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.