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RE: 5 Major Catalysts on the way for Crypto, could ignite a rally in Altcoins (including Steem!)

in #crypto • 5 years ago

Yea, not sure. I see your number mentioned a few times, but I also see that 1,500 number mentioned in here as well...

https://www.ethnews.com/vitalik-buterins-five-steps-to-becoming-a-casper-validator

"Your deposit transaction," Vitalik clarified, will be "included in the Ethereum blockchain." This process, in which the minimum of 1,500 ETH can be staked, takes about 45 minutes, as the staked ETH induces the EVM to verify other transactions. After those 45 minutes, your identity-as-code has been written into the platform itself and "you are now staking."

5 years ago in #crypto by
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     5 years ago  

    I will look in the github. I can guarantee this much, if it's 1500 I will not be operating an ETH node... lol
    That's pretty bad news for decentralization in general since anyone can currently mine ETH PoW.

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       5 years ago (edited) 

      They are both right. The hybrid PoS/PoW Casper FFG will require 1500 ETH to stake. This is during the transition from PoW. I'm guessing it's higher during that phase because more trust is required to facilitate that transition. Only large ETH foundations/stakeholders will be able to afford that. When sharding is implemented it will drop to 32.

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