Etherium 2.0: How to Gain Massive Returns with Staking!

Etherium just launched their“Phase 0” from the ETH 2.0 update. Now you can stack your Etherium and gain massive returns. Today we’re going to have a look at what this all means to your Etherium and which risks and opportunities this brings.

Everyone can gain profits with Etherium 2.0

Unlike Bitcoin which is based on the “Proof-of-Work” principle, Etherium 2.0 is now implementing the “Proof-of-Stake”. With this update, a new so-called “Beacon-Chain” is implemented to the Etherium ecosystem. Using this new system, there is no more need for miners, as the validation on the etherium network is done exclusively by users who are staking their Etherium.

Why Proof-of-Stake is “better” than Proof-of-Work

Also, miners require specialized equipment, usually consisting of hardware devices like “ASICs miners” or, in the case of Ethereum, multiple high-end graphic cards connected in parallel. A significant up-front investment is therefore required to acquire the necessary hardware. Furthermore, since these devices consume a lot of power, mining is only beneficial if electricity prices are very cheap, or you can get some good deals on mining equipment. On Etherium, there is no need more need for costly computers or mining…