ETH POS

ETH holders want to earn some interests on ETHs. There is a limitation of a minimum 32 ETH and we want to lower this limitation by creating a set of smart contracts

Demo Video Source Code

Description

ETH holders want to earn some interests on ETHs. There is a limitation of a minimum 32 ETH for a validator node and we want to lower this limitation by creating a set of smart contracts Suppose there are 32 people and everyone has 1 ETH. They have to deposit the money to some address. We are in the very first phases and this is what we have done so far. Part 1 – 15th October 1. Depositing money to the smart contract. When 32 ETH is reached, suppose that someone sends some ETHs we send their money back. If the balance is less then 32 ETH, the client has the opportunity to get the money back. 2. Withdraw money when 51% of consensus is reached. 3. PoC UI Part 2 – before the 21st October 4. Review and testing of the smart contracts 5. Small demo We did not have the opportunity to work on the UI yet. We are in our very early phase.

How It's Made

ETH holders want to earn some interests on ETHs. There is a limitation of a minimum 32 ETH for a validator node and we want to lower this limitation by creating a set of smart contracts Suppose there are 32 people and everyone has 1 ETH. They have to deposit the money to some address. We are in the very first phases and this is what we have done so far. Part 1 – 15th October 1. Depositing money to the smart contract. When 32 ETH is reached, suppose that someone sends some ETHs we send their money back. If the balance is less then 32 ETH, the client has the opportunity to get the money back. 2. Withdraw money when 51% of consensus is reached. 3. PoC UI Part 2 – before the 21st October 4. Review and testing of the smart contracts 5. Small demo We did not have the opportunity to work on the UI yet. We are in our very early phase.

Team

Marco Persico Nathan Bolam
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