Apr 23, 2019 ⋅ 1 min read
Ethereum ($ETH) co-founder Vitalik Buterin has proposed upping the staking reward for the next proof-of-stake algorithm upgrade. As put forward on GitHub, Buterin argued for upping the staking rewards based on validating Ether, moving from a base example of 18.1% max annual return for 1 million validating Ether to 1.56% for 134,217,728 validating Ether. The proposal has been met with applause as a solid answer to alternative interest bearing instruments like BlockFi.
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