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minus-squareBleys@lemmy.worldlinkfedilinkEnglisharrow-up1·2 days agoIf there’s a low barrier to entry then you’re just reinventing POW because someone can run as many nodes as possible with minimal stake in order to maximize returns. Can you give an example of one successful “fixed rewards” Crypto coin?
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up5·2 days agoEthereum. The overall network issuance rate is fixed and currently roughly 4.5% per year. If more people stake then less is received per person. Minimal stake is is $75k per validator. This stake is slashed if you are dishonest.
If there’s a low barrier to entry then you’re just reinventing POW because someone can run as many nodes as possible with minimal stake in order to maximize returns. Can you give an example of one successful “fixed rewards” Crypto coin?
Ethereum.
The overall network issuance rate is fixed and currently roughly 4.5% per year. If more people stake then less is received per person.
Minimal stake is is $75k per validator.
This stake is slashed if you are dishonest.