HELP! ETH post PoS Casper explanation needed, Please!

in casper •  7 years ago 

hey guys, sorry to be such a knob here, I've been reading for days on this and just can't catch on. I understand PoS perfectly well, Ive gone all in on ETH long ago and believe in the tech. Im not a miner, but I would love to participate in Casper once it goes live (whenever that is) can anyone explain me in (in Neanderthal terms if possible)

If I have a large enough stake to participate, could a person like me (again Neanderthal), with better than average knowledge of computers but by no means a wizard, be part of the future of ETH and Casper??

what would it take, after the stake to be part of the validation process, meaning hardware or whatever?

thank you all in advance, and sorry for my lack of understanding and not being one of the "cool miner geniuses" like most of you:)

cheers guys!!! images.jpeg

casper ethereum eth pos advice
7 years ago by

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      ·  7 years ago 

    If I am not mistaken, Casper is a an update of Ethereum blockchain just like the previous hardforks it does not effect you directly as it happens automatically. Casper is planned to happen simultaneously or after the second part of Metropolis update (Constantinople). The date for this is not set yet. As with most staking models you can participate by keeping your Ether in a dedicated wallet and enabling the staking option. To be eligible you need to have a minimum amount of ETH. This numeber is not set yet either but estimated to be around 1000 ETH. Hope that helps. Read more here: https://blockonomi.com/ethereum-casper/

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        ·  7 years ago 

      I guess what I'm confused about is will i need a rig to do that???

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          ·  7 years ago 

        No, you dont need a rig for POS. You just need an ethereum wallet and some instructions on how to enable staking. That is the whole point of POS that you are not wasting any power and harming the environment by running mining rigs.

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            ·  7 years ago 

          rad. THANK YOU

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