Is there any news on proxy staking?

Question

Hedera Community Chat ($HBAR)

Mozart Reina

Is there any news on proxy staking?

#cryptocurrency #english #hbar

0

30.12.2021

7 ответов

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Mozart Reina Автор вопроса

Crypto Consciousness
Not that we know of. They've said it will be nomin...

Damn, that’s not great. So the money is still on token value appreciation, meaning to realize gains at some point we need to sell our main holdings. No recurring revenue

0

30.12.2021

Crypto Consciousness

Mozart Reina
Damn, that’s not great. So the money is still on t...

With fees where they are, I don't see how we see much income from proxy staking, unless my simplistic assumptions are wrong {[85,400 (seconds per day) x 20,000 tps x $0.0001] ÷ 3} ÷ (50b hbar x 75% staked) = 77 cents

0

30.12.2021

Kilikai Rouse

Crypto Consciousness
Not that we know of. They've said it will be nomin...

Klaytn is a shard on Hedera?

0

30.12.2021

Crypto Consciousness

Kilikai Rouse
Klaytn is a shard on Hedera?

Klaytn is very Hedera-adjacent from all I can tell, with three Hedera council members on its its council (which also operate nodes) including the two South Korean members of Hedera's council (LG and Shinhan Bank), but also US-based WorldPay owned by FIS. Like Hedera's HIPs, Klaytn has KIPs... You can look at their GitHub and try to figure out if they are using a Swirlds Hashgraph structure or consensus mechanism.

0

30.12.2021

Kilikai Rouse

Crypto Consciousness
Klaytn is very Hedera-adjacent from all I can tell...

Interesting.

0

30.12.2021

Crypto Consciousness

Kilikai Rouse
Interesting.

Like Hashport, Klaytn bridges its platform to Ethereum. It is unclear to me how Klaytn's internal platform functions... It is not evidently Hedera-related but....

0

30.12.2021

Crypto Consciousness · Accepted Answer

Not that we know of. They've said it will be nominal and if you run the numbers, I don't see how it functions as anything but a marketing ploy... Eg, if staking rewards are a third of total fee income, and fees are so low ($0.0001 for basic transactions), then even at a consistent 20,000 tps we would see a proxy staking reward of something like a $1 per day for proxy-staking 500,000 hbar, hardly worth the trouble. That being said, Hedera has consistently fulfilled its promises... And I recently realized that Hashport is functionally a shard... As is (it seems) Klaytn... So in that sense, sharding is live

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Is there any news on proxy staking?

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