Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm
Cointelegraph
Published Apr 22, 2019 11:33AM ET
Vitalik Buterin Proposes Higher Staking Rewards for Upcoming ETH PoS Algorithm
Ethereum co-founder Vitalik Buterin proposed a higher staking reward for the upcoming proof-of-stake (PoS) algorithm implementation on the Ethereum blockchain on GitHub on April 20.
Per the proposal, 2,097,152 ether per year would be issued when 134,217,728 ether is staked and validating transactions, resulting in an annual return for stakers of 1.56%. The current circulating supply of the coin is 105,764,762 ETH, which means that this amount of stacked ether is a theoretical maximum of sorts.
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Written By: Cointelegraph
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