Ethereum co-founder Vitalik Buterin told what applications ASIC miners can find after switching the network from the Proof-of-Work consensus algorithm to Proof-of-Stake.
In a podcast of The Shitcoin Dot Com Show, he stated that there are “many use cases,” and named one of them:
“The option closest to crypto space, but which is definitely not for 100% miners, for a maximum of a few percent, is zero-proof proof.”
According to Buterin, there is a “huge technological revolution” with this protocol, which is important for the entire cryptocurrency industry.
It is assumed that after the launch of Ethereum 2.0, miners will switch to mining other coins using the Ethash algorithm. First of all, it is the hard fork of the second cryptocurrency – Ethereum Classic (ETC). There are lesser-known forks, like Ethersocial (ESN) or EtherInc (ETI), and a number of other tokens.
Launched on April 18, the Ethereum 2.0 Topaz test network attracted almost 20 thousand validators in a short time. To do this, each of them blocked for staking at least 32 ETH.
Recall, presumably, the Ethereum 2.0 validators after the launch of the network will be able to count on 5-10% of annual remuneration for staking.
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