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Ethereum2 Staking

Many things have been written about the proposed move to Proof of Stake. What does it actually mean?

Ethereum 2 will be using a Proof of Stake consensus mechanism. What does this actually mean?

In very basic terms is means that those who hold and protect the chain are themselves rewarded. Unlike Proof of Work, where it is a race of computational cycles to solve for the nonce, Proof of Stake rewards everyone that has and maintains the chain security.

Rewards for validating the chain could be considered low in the spectrum of DeFi products, but in the early days the rewards could be as high as 10%.

A few staking services are springing up, in fact, we are launching one ourselves under the brand Attestant.

You can find more detailed blogs into the workings of the staking model and how you can get involved here.

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