RATE Group | Ethereum 2.0 Validators to Earn up to 10% Annually for Staking: Report
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Ethereum 2.0 Validators to Earn up to 10% Annually for Staking: Report

25 Oct Ethereum 2.0 Validators to Earn up to 10% Annually for Staking: Report

Posted at 21:15h in Ethereum News by

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Ethereum 2.0 validators can expect to earn from 4.6% to 10.3% as rewards for staking on an annual basis, a senior ConsenSys exec says.

32 ETH required to become a validator

Collin Myers, head of global product strategy at blockchain firm ConsenSys, reportedly claimed that in order to become a validator on the Ethereum 2.0, one is required to maintain a minimum amount of 32 Ether (ETH), which is worth $5,760 at press time. Myers revealed the news at a recent blockchain event Devcon 5, Coindesk reports Oct. 25.

Ethereum 2.0 is a major network upgrade on the Ethereum blockchain that is poised to shift its current Proof-of-Work consensus algorithm to Proof-of-Stake, passing block validation function from miners to special network validators. As previously agreed by Ethereum core developers, the first stage of the Ethereum’s transition to Ethereum 2.0 is expected to take place on Jan. 3, 2020.

ETH 2.0 Calculator

At the same event, Myers also revealed a tool allowing validators to…

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