Cryptocurrency

PoW to PoS exchange Interface leaked

Ethereum is currently in a positive Momentum. A glance at the ETH price performance since the beginning of the year shows a growth of 68 percent. Since Ethereum was able to crack the important mark of $ 200 to see a lot of analysts ETH in its Momentum is confirmed. One reason for the recent share price to the high expectations of Ethereum 2.0 and the impending change to the consensus mechanism from PoW to PoS is increases with safety.
Particularly interesting is the current Ethereum 2.0 Leak that gives us the first insights into the User Interface, which is required for the change from PoW to PoS in this context.

Ethereum 2.0: 32 ETH for the change from PoW to PoS

It is probably no news that with Ethereum 2.0, the consensus mechanism of the Proof-of-Work to Proof-of-Stake is converted. New may be for one or the other reader, perhaps, is the fact that it requires a minimum of 32 ETH, at the Proof-of-Stake on the so-called ‘Beacon Chain’ part of it.
How exactly this Deposit process works is explained in the User Interface for Ethereum 2.0 step-by-step. And it is precisely this step-by-step explanation has now been leaked.

We see that the introduction begins with the statement ‘common concepts’. As will be explained in a few words, what is Staking and the extent to which thus receives Rewards. Then it comes to the Key generation. Here there are comparable to Public/Private Key encryption is also a cold and hot key. So corresponds to – simply put – the hot key to the current public key, and the cold key corresponds to the private key, with which transactions can sign and send.

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Deep Work study published UI

The ‘Leak’ was released in the Rest of the well-known page medium.com . The Publisher of the article, the company Deep Work Studio, which provides as part of the Ethereum Community, a Team of designers was. The article has now been deleted already.
The published Version is already out-of-date. This is for example illustrated by the fact that there is a deviation of the Screenshots displayed Staking Rewards to Vitalik Buterin published Rewards. The above shown Screenshots are rather a first prototype or a Preview, on the Basis of which further improvements can be made.

Last, but not least: the ‘official Launch’ of the Deposit Contracts for Ethereum 2.0 and Staking could take place in the framework of the Ethereal Summit in New York. This Event will take place in may – so, in parallel to the Bitcoin Halving. Thus, the Mai could be the most exciting month of the year for us!

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What is your expectation of Ethereum 2.0? – The ETH course will benefit and what target price you will see until may of this year?
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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

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