More profit than PoW mining? V God proposes a high return Ethereum PoS algorithm

More profit than PoW mining? V God proposes a high return Ethereum PoS algorithm

According to, Ethereum co-founder Vitalik Buterin offered a higher return on equity for the upcoming implementation of the Proof of Equity (PoS) algorithm on GitHub's Ethereum blockchain.

According to the proposal, when 134,217,728 Ethereum coins are used for equity verification transactions, 2,097,152 Ethereum will be issued each year, with an annual return of approximately 1.56%. The current cycle supply of Ethereum is 105,764,762 ETH, which means this is its theoretical maximum.

The proposal also estimates the annual rate of return for various quantities of verification methods. For example, if only 1 million ETHs use this configuration, the certifier will receive an annual return of 18.1%. The community on Reddit seems to respond well to the proposal, and many people think the ratio is more reasonable than before.

Ethereum researcher Justin Drake estimates that after implementing PoS and sharding (with 32 million ETH) verifiers will receive a basic return of about 3.2%. This figure is equivalent to about 1% of the total supply.

However, the implementation of the upcoming Ethereum Improvements 1559 will mean that some transaction costs will be burned. Therefore, Drake estimates that the Gas consumption per segment per year is 1,000 ETH and the inflation rate is equivalent to about 0.5%.

Buterin previously stated that future blockchains based on equity proofs would have "thousands of times more efficiency." Recently, Buterin also believes that the encryption community should go beyond the individualism of its early password punks, but use technology to create new, fair and innovative systems with positive social impact.

Source: than push

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Cardano and Dogecoin The Dynamic Duo Leading the Crypto Price Rally, While Bitcoin Approaches $38K

The fashionably-trusted CoinDesk Market Index boasts an impressive 4% increase within the last 24 hours.


Switzerland’s St.Galler Kantonalbank (SGKB) Ventures Into Crypto

Switzerland's St.Galler Kantonalbank teams up with SEBA for digital asset custody and brokerage services.


Unibot to Introduce UNISOL Token: Enhancing Value Accrual for Holders

UNIBOT holders will soon benefit greatly with an 80% distribution of Solana-based UNISOL. This will be done through a...


Bitcoin price rushes 10,000, why is the peak of the on-chain data week two days ahead?

In the past week (02.03-02.09), Bitcoin opened a wave of market and broke through the $ 10,000 mark again, but from t...


Tokens on the Bitcoin Blockchain: A Wild Ride for Digital Asset Investors

In the past 24 hours, there has been a remarkable 21% increase in the overall capitalization of these tokens, surpass...


PancakeSwap to Launch Affiliate Model: Expanding DeFi Opportunities

Cake token holders can expect to reap the rewards of affiliate forks in the form of native DEX tokens, providing them...