How are rewards distributed? The Ethereum staking reward rate is variable and changes based on the total amount of ETH staked, with a maximum annual reward rate of 18.10% .
Read moreWhat is proof-of-work in Ethereum?
Proof-of-work is the mechanism that allows the decentralized Ethereum network to come to consensus, or agree on things like account balances and the order of transactions . This prevents users from “double spending” their coins and ensures that the Ethereum chain is tremendously difficult to attack or manipulate.
Read moreWhy do I need 32 Ethereum?
With easier hardware requirements and the opportunity to pool if you don’t have 32 ETH, more people will be able to join the network . This will make Ethereum more decentralized and secure by decreasing the attack surface area.
Read moreIs proof-of-stake secure?
However, it is easily understandable that proof-of-stake is more secure and less resource-intensive than proof-of-work, but some drawbacks still need further attention. Although a PoS blockchain has never been hacked, individual nodes have been attacked.
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