Ethereum’s Proof of Stake Casper Explanation part 1
Ethereum is planning on making a huge move to Proof of Stake.
Here is an explanation of how Casper, Ethereum’s Proof of Stake algorithm, works with validators.
Part 2 explains how the rules of Etheruem’s Proof of Stake will be enforced, and the implementations on Ethereum’s future:
If you have any questions please comment below!
If you want to learn more (references):
-Vitalik Buterin recent post about Casper and Proof of Stake:
https://medium.com/@VitalikButerin/mi…
– Great Article giving an update of Ethereum’s Proof of Stake progress (also has links to Caper White Papers):
https://www.coindesk.com/ethereum-seeing-ghosts-vitalik-buterin-is-finally-formalizing-ethereums-casper-upgrade/
Great Overview about Proof of Stake, Ethereum mining, and Ethereum’s Future:
https://www.ethnews.com/proof-of-stak…
Ivan’s technical explanation of Casper, Ethereum’s Proof of Stake:
( Ivan is coding Casper and knows it best)
Please, Can help me to use casper in private ethereum ? any idea, thanks.
So only the rich will be able to meaningfully mine and control Ether? Did the Bilderberg Group get to Vitalik? This how they wanted to take control? I mean unless you have a TON of Ether, there is zero incentive for the 99% to ever be able to benefit. This sounds EXTREMELY like something a Central Bank would do.
Until I hear more and understand it more, me thinks this justified Bitcoin much more, time to move away and put my Ether money into say Microsoft stock for Blockchain tech and Ethereum as a currency looks to die out FAST. But I do see a huge spike initially as the rich via for purchasing Ether to hit the 1000 needed.
Thanks for this great video! But i still wonder if the benefits of validators is depends on how much the steak they owned?
hi, what app you use to create this presentation?? so clearly
Great video, but the idea is still too abstract to be visualized and understood.
Suppose I have 10 eth to stake, will I get the same amount of eth as reward everytime I validate a block? or will that depend on the block being validated and I could get diff amt of eth everytime my eth validate blocks?
What is the full form of TBA that initiates a block to prepare?
This sounds too centralyzed.
buys ether anyways
I'm confused about something. Right now the blockchain resides on the miner's computers, right? So when that goes away, where does the blockchain live? Do stakeholders need to have a computer running with the blockchain residing there?
I'm Mr Meeseeks. Look at my Ether!
Here's where I'm lost. If I have no crypto n want to mine under POW. I can do that. I don't need any to start mining. But from everything I heard, POS sounds like you can only mine/validate if you have Eth to begin with. How is the not a potential issue. Am I misunderstanding something here?
It will never ever ever happen
One correction needs to be Noted!!
I quoted an early estimate of how much as Validator needs to stake at 1000 ETH, but the number will be around 10 ETH.
I apologize for the mistake. I try to emphasize known facts. The correction will be definitely noted in the updated explanation at the end of 2017.
Thanks for watching!!!
Vitalik Buterin help a brotha out!
0x692294A7afeCDEa3A62D3683E0b4ee020670EdF6
great video, kinda get how these votes can make a blockchain now. But how is this going to work? when will Ethereum make this change of algorthim? Won't that create a HARD FORKKK?? Thanks for the video looking forward to Part 2!