We are D-8 from the Ethereum Merge, the long awaited event of the crypto community. What do Ethereum merger enthusiasts expect? The blockchain migration into the Proof of Stake (PoS), among others. But many hope that the Merger will give a boost to the bear market. Otherwise, his arrival implies a good dose of preparation for the bookies. How can they succeed stacked of Ethereum post-Merge?
Stacked ETH 2.0, quesaco?
First of all, it should be noted that the Ethereum team does not like the term “ETH 2.0” too much. Instead, she prefers to talk about “ consensus layer (or consensus layer), referring to a network upgrade rather than building a new network from scratch. Baptizing the initial version of Ethereum ” execution layer (or execution layer), the lair of smart contracts and network rules.
The Merger derives its raison d’être from observing an overload on the Ethereum network. The latter lists a large number of projects related to NFTs, DeFi, dApps, etc.
Consequence: the gas costs in the Ethereum blockchain exceed the fair share.
The proposed Ethereum Fusion promises many benefits such as improved network efficiency, speed, security and scalability, as well as a reduction in the amount of energy required for calculations. As a consequence, it will be able to process more transactions per second and adapt to several use cases. Note that at this time, Ethereum only allows 15 transactions per second. After the Merger, this number will be revised to 100,000.
But it should also not be forgotten that cryptocurrency miners are in doubt about their future after the Merger. This migration is indeed the end of the Conradh na Gaeilge process mining Current Ethereum.
What about the Ethereum stack
the Proof of Stake It is a method that promotes distributed consensus, guaranteeing the security of the blockchain and the creation of new blocks. We call stuck the process of selecting validators to fulfill these responsibilities. These were given the name ” bookies “.
To be a stacker on Ethereum, or more precisely to be able to add blocks to the Beacon chain, you need to invest at least 32 ETH. It is called “put”. It is necessary to encourage the bet to the stacker not to dissociate or collude intentionally.
However, they are favored by Ethereum. In particular, he will be given a passive income that can amount to 1/8 of the basic reward, as a “proposal” and 7/8 as a “certificate”, according to Cointelegraph. Of course, the earnings of it bookies depending on the total amount of ETH and resources deployed to it stacker this cryptocurrency.
Another privilege of the pledge holder is the possibility of appointing another user to perform the validation operations on his behalf.
In general, the stuck Ethereum needs to go through services” pooled stack like Lido, Rocket Pool, StaFi, StakeWise… On Lido, you can have an annual return of 3.9%, according to CoinVantage. With a reserve of 4 million ETH, Lido will reward bookies with steETH tokens and promises to charge only 10% of the reward collected.
In addition, we should also note the possibility stacker ether on the main crypto exchanges such as Coinbase, Binance, eToro, Okex or Huobi Global.
By going to Coinbase, for example, the stacker interest in creating an account to authenticate his identity “for tax purposes”. After that, the latter is invited to buy ETH tokens, the condition sine qua non for this activity.
Then, the stakeholder must go through the box “register on the waiting list” before doing the stuck well said.
Please note that no withdrawal of staked ETH rewards will be allowed before the Shanghai update. The second is being planned after the Merger on 15 September.
Currently, there are approximately 13.39 million ETH stacks, or 11% of the total Ether supply in circulation. But it is expected that the stuck it attracts many investors immediately after the Merger. Otherwise, the stuck it presents itself as an investment more suitable for holders than those who tend to sell at the bottom.
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The blockchain and crypto revolution is underway! And the day the effects are felt on the most fragile economy in this world, against all hope, I will say that I was involved.