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minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months ago PoS must always have a return competitive with other investments. No. It needs to offer a reward enough to pay the minimum number of validators needed to establish a secure network. 2x the number of stakers means 1/2 the return for each validator, but the network doesn’t care about that.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 months agoWith too low a return they just invest elsewhere. You get one asset with worse interest that can be spent (like dollars), and one asset with better interest that can’t be spent (like bonds). The poor hold the former, the rich hold mostly the latter.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoLow returns and people leaving is not a problem. There will still be enough validators to secure the network. The remaining will get a higher return.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 months agoWhat’s the minimum you mentioned earlier?
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-22 months agoMinimum Viable Validator Count Ethereum requires at least 2,000-4,000 validators to maintain strong network security. Currently, there are over 900,000 validators actively securing Ethereum, making attacks prohibitively expensive.
No. It needs to offer a reward enough to pay the minimum number of validators needed to establish a secure network.
2x the number of stakers means 1/2 the return for each validator, but the network doesn’t care about that.
With too low a return they just invest elsewhere.
You get one asset with worse interest that can be spent (like dollars), and one asset with better interest that can’t be spent (like bonds). The poor hold the former, the rich hold mostly the latter.
Low returns and people leaving is not a problem.
There will still be enough validators to secure the network. The remaining will get a higher return.
What’s the minimum you mentioned earlier?
Minimum Viable Validator Count Ethereum requires at least 2,000-4,000 validators to maintain strong network security. Currently, there are over 900,000 validators actively securing Ethereum, making attacks prohibitively expensive.