The ethereumprice.org platform has released a new tool, a calculator with a simple user interface that provides the ability to calculate the rewards for stacking, or what is known as “staking” in preparation for the transition of Ethereum to version 2.0 later this year, in which the Ethereum network will rely on the mechanism of stacking and aggregation instead of Mechanism of proof of work (mining).

The tool gives a glimpse into how much one can earn, just by allowing the tokens to remain in the wallet, users can adjust a number of network settings that have a huge impact on how the reward is calculated.

For example, changing the amount of each Eth in the trade that is signed from 1% to 10% means the difference between earning 5% or 15% each year from staking. Other factors also affect the annual bonus, such as the amount of time the node has been (checker) is active.

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Trial version:

The tool uses data from the Brooklyn-based incubator ConsenSys, and the calculator was developed using an open source paper created by Colin Myers at ConsenSys Codefi.

The tool calculates 10 years of Ethereum storage, Eth is awarded each year, and the tool also offers a cumulative return on investment over time.

Users can also choose from a number of fiat currencies to view the value of their Eth stake including the US dollar, the euro, the British pound, the Japanese yen, and others.

Calculator In the beta version, the interface is seen as a learning device rather than a practical computational tool, however, it does give an idea of ​​how signing on Eth is becoming an important part of the ecosystem as the launch of Ethereum 2.0 approaches.

While users are able to calculate rewards using any amount of Eth, the developers of the staking calculator have speculated that services will appear to allow users to accumulate their own Eth to achieve this minimum, and that those with more than 32 Eth can sign this with multiple nodes.

Ethereum 2.0 is expected to introduce a number of improvements in addition to shifting from the Proof of Work that Bitcoin also uses to a Proof of Stake consensus mechanism to power the network.

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The new update aims to reduce the complexity of the Ethereum network, make transactions cheaper, and increase the throughput of network transactions.

In the testing phase, Ethereum recently saw support from more than 20,000 nodes to test the network experimentally.

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What is the new generation of Ethereum 2.0 network?