ETH PoS

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ETH PoS
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If Ethereum moves from PoW to PoS miners will go to other coins f.e. ETC, ZEC. So the price of ETH will drop very fast, right?

Expert Answers

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The switch from POW to POS is not going to happen over night, it will take time with a hybride model. Where every lets say 100 blocks are POS and slowly integrate the POS system over POW. As for price, I have not idea.

Hi Vene,
The economics of validation mechanism relies on reward system. As proposed in Ethereum 2.0, “computer operators” who would opt to validate the transactions, would be able to earn through their efforts. If carefully examined, the PoS aims to establish a truly decentralized structure that doesn’t strongly rely on hefty hardware to make money, hence preserving the true essence of a decentralized network. Having said that, the shift may cause fluctuations, but not necessarily cause a severe unrecoverable drop in the ETH price.

If Ethereum is to retain itself ubiquitous as the decentralized smart contract platform of choice, then simple demand and supply economics would suggest a very significant upward pressure on the price over the next few years.

This would not only have an effect on the Ethereum network but other blockchain networks as well. This is because miners who previously mined the Ethereum blockchain would now take their hardware to a different blockchain to mine, creating an influx of hashing power to alternative blockchain networks.

This would not only have an effect on the Ethereum network but other blockchain networks as well. This is because miners who previously mined the Ethereum blockchain would now take their hardware to a different blockchain to mine, creating an influx of hashing power to alternative blockchain networks.

If Ethereum is to remain ubiquitous as the decentralized smart contract platform of choice, then simple demand and supply economics would suggest a very significant upward pressure on the price over the next few years.

If Ethereum is to remain ubiquitous as the decentralized smart contract platform of choice, then simple demand and supply economics would suggest a very significant upward pressure on the price over the next coming few years.

If Ethereum is to remain ubiquitous as the decentralized smart contract platform of choice, then simple demand and supply economics would suggest a very significant upward pressure on the price over the next few years.

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