新手

中階

進階

<p>作為 Ethereum Merge 更新的一部分，Ethereum 網絡將從基於工作量證明 (PoW) 的驗證塊和交易過渡到權益證明 (PoS)。 Beacon Chain 是一個與以太坊並行運行並採用 PoS 共識層的網絡，現已投入運營。以太坊上的區塊只有在現有的 PoW 以太坊鏈與其結合後，才會通過 Beacon Chain 的 PoS 共識過程創建。</p>
<p>現在六年的等待已經結束，以太坊將與其信標鏈一起形成一個權益證明（PoS）區塊鏈。假設這可行，以太坊的區塊鏈將在速度、可擴展性和效率方面獲得提升。自 2022 年 6 月的低點以來，由於投資者對這一備受期待的事件感到興奮，ETH 的價格已大幅上漲。 Merge 通過用更高效的 PoS 機制取代能源密集型 PoW 機制，使區塊鏈更加環保，該機制消耗的電力減少了約 99%。合併有望加快交易速度、降低交易成本並提高區塊鏈的可擴展性。由於 PoW 共識機制，目前需要質押 32 ETH 才能成為以太坊上的驗證者。自合併以來，以太坊社區和網絡的所有成員的競爭環境已經公平，因為激勵將不再流向礦工，而是流向利益相關者。由於將來託管節點會更容易和更便宜，這提供了更大的去中心化和安全性。 PoS 還通過分片實現可擴展性，最終可能支持每秒 100,000 筆交易 (TPS)。鏈上發生的事情以及消費者是否看到使用以太坊區塊鏈優於其他第 1 層區塊鏈的好處將決定這一點。然而，以太坊基金會表示，交易成本不會因共識過程的變化而受到重大影響。</p>
<p>關於 9 月 15 日以太坊的合併有很多議論，即使一些反對者推測它可能會被推遲。值得慶幸的是，The Merge 順利進行。儘管合併的長期影響難以預測，但我們將研究三種可能的合併後結果，以及在這些情況下您可以使用每種交易方法做什麼。在此示例中，我們將使用 2022 年 9 月 22 日起 1267 美元的 ETH 價格。</p>
<p>以太坊的聯合創始人 Vitalik Buterin 似乎對 The Merge 持樂觀態度。 Buterin 聲稱，當區塊鏈出現全新的可擴展性解決方案時，四次進一步的升級將在 The Merge 之後提升以太坊的價值。 ETH 價格的看漲結果將是及時完成 The Merge 並順利過渡到完整的 PoS 區塊鏈。當投資者得知以太坊即將推出的增強功能（包括 Surge、Verge、Purge 和 Splurge）正在按計劃發展時，他們可能會開始買入。在投資者對 The Merge 獲得信心後，這可能會導致以太坊價格創下歷史新高以太幣。對以太坊區塊的需求越高，抵押的以太幣越多，The Merge 的通貨緊縮程度就越高。專家認為 90% 的通貨緊縮是 The Merge 的長期結論，即使 Ether 通貨緊縮在相當長一段時間內不太可能。</p>
<p>對於那些看好合併並認為在合併開始後市場仍然低估 ETH 的人來說，CoinUnited.io 上的 Poor Man’s Covered Call 策略是最好的 ETH 期權交易。要開啟 Poor Man’s Covered Call 策略，必須首先購買一個收盤時間在到期前的價外 (ITM) 看漲期權，然後賣出一個距離到期時間很短的看漲期權。它類似於備兌看漲期權頭寸，但資本較少且風險水平較低。</p>
<p>最初，您應該投資於行使價為 1200 美元且到期日為 11 月 30 日的 ETH 看漲期權。下一步是賣出 10 月 31 日到期的看漲期權。建議使用行使價在 1500 美元至 1800 美元之間的合約，因為它們位於 0.1 至 0.3 delta 範圍內。但是，通過以下計算，我們可以評估盈利潛力和盈虧平衡區域。</p>
<p>未來可能出現的技術問題，例如競爭對手的區塊鍊和丟失的區塊，可能會導致更多的停機時間。儘管 The Merge 取得了成功，但一些人表示擔心未來的升級可能會對整個加密市場產生毀滅性影響，並削弱人們對基於以太坊的去中心化應用程序的信心。這預設了大多數投資者想要出售 ETH 以努力從“買入謠言，賣出新聞”策略中獲利。為了對沖他們的賭注，投資者可能會拋售他們的 ETH，轉而將資金投入競爭性的第 1 層區塊鏈，如 Solana、Avalanche 或 Cosmos。此外，許多 ETH PoW 礦工對轉向 PoS 感到沮喪，這將導致他們的收入消失並使他們的挖礦硬件過時。投機者可能將此解讀為社區一度統一的情緒出現裂痕，導致 ETH 價格螺旋式下跌。</p>
<p>那些看跌 The Merge 並認為這將是“買謠言，賣新聞”事件的人可以使用 CoinUnited.io 打開 Bear Put Spread。要執行熊市價差，必須購買一份看跌期權，同時賣出另一份到期日相同但價值更高的看跌期權。這樣做是為了讓投資者可以從貶值的資產中賺錢。購買熊市價差比單獨購買看跌期權更具成本效益，因為除了空頭期權的時間衰減外，它還提供了針對 ETH 價格下跌的保護。</p>
<p>要開始交易，首先購買執行價格為 1200 美元、到期日為 11 月 30 日的 ETH 看跌合約。接下來，您應該賣出一份同樣將於 11 月底到期的 ETH 看跌合約。行使價在 800 美元到 1,000 美元之間的看跌期權的 delta 為 0.1 到 0.3，因此我們推薦這些期權。</p>
<p>由於該事件已包含在價格中，買賣雙方不太可能對市場產生太大影響。由於 ETH 的價值在未來有可能上漲，一些投資者可能會選擇通過 The Merge HODL 持有他們的資產。當沒有需求時，ETH 的價格保持不變。就一般可擴展性而言，以太坊作為一個項目在被視為完成項目之前還有很長的路要走，因此即使在合併之後這也是可行的。在這種中性的合併後價格預測情景下，ETH 的價格將總體保持水平，但偶爾可能會出現適度的價格上漲。</p>
<p>這種流行的中性 ETH 交易需要做多現貨和做空長期期貨，也被稱為現金攜帶交易技術。當交易者執行 delta 中性交易時，無論 ETH 的價格走向如何，他或她的頭寸都保持不變。 ETH 期貨的交易價格高於 ETH 現貨，這是一種長期存在的市場規範。然而，由於這種交易概念在活躍交易者中極為流行，ETH 期貨現在的定價低於 ETH 現貨定價。為此，需要做多 ETH 期貨合約並做空 ETH 永續合約，打算持有到合併之後，屆時，人們會希望以溢價而不是折價購買 ETH 期貨。</p>
<p>由於 ETH DEC 期貨承受著巨大的拋售壓力，導致 ETH 的期貨價格低於現貨價格，因此可以採用這種策略。由於 ETH DEC 期貨的價格現在低於 ETH 現貨定價的價格，因此可以在購買 ETH DEC 期貨的同時做空 ETH 永續合約。</p>
<p>2022 年 9 月 22 日，ETH DEC 期貨的交易價格為 1252 美元。為了實施此策略，您需要做多 ETH DEC 期貨並做空相同數量的 ETH ETH 永續合約。期貨和永續合約之間的價差將代表您每筆交易的利潤。</p>
<p>由於以太坊正在切換到 PoS 區塊鏈，您現在可以通過使用 CoinUnited.io 抵押 ETH 來獲得收益。除了固定期限的質押外，您可以隨時提取您的 ETH 餘額，但目前禁止交易、發送或出售您質押的金額。了解如何通過 CoinUnited.io 開始在您的以太坊上接收股息：存款後，您的第一筆獎勵將在兩天后支付。根據您質押的 ETH 數量，您應該每天在確定收益後獲得獎勵。</p>
<p>儘管 The Merge 取得了成功，但由於以太坊對去中心化可擴展性的追求以及具有挑戰性的宏觀經濟條件，以太坊支持者仍在爭論以太坊價格的未來。任何考慮在不久的將來投資以太坊的人都應該研究前面的看漲、看跌和中性情景及其各自的策略。實現 Vitalik Buterin 的目標，例如 The Merge，從長遠來看可能會導致以太坊成為最有價值的區塊鏈。最近圍繞“The Merge”的炒作凸顯了了解以太坊升級及其將帶來的後續變化的重要性。此外，任何想知道聰明的錢是否在以太坊 PoW 上賭博的人可能想看看我們與 Nansen 一起準備的研究。一旦您牢牢掌握了 ETHW 投資的優缺點，您就可以開始在 CoinUnited.io 上交易 ETHW/USDT 對。立即在 CoinUnited.io 註冊，開始您的加密貨幣投資之旅，無論您是長期投資者還是希望投資 ETH 和其他加密貨幣的短期投機者。</p>


合併後如何交易 ETH：以太坊價格預測

<p>A &#8220;51% attack&#8221; refers to a malicious scenario in which a single entity or a group of individuals gain control over more than 50% of the total computing power or mining hash rate of a blockchain network.</p>
<p>When a single entity possesses majority control, they can manipulate the decentralized nature of the blockchain and potentially disrupt its operations for personal gain.</p>
<p>With control over the majority, the attacker can prevent new transactions from being confirmed, reverse previously confirmed transactions, and even double-spend cryptocurrencies.</p>
<p>Double-spending involves spending the same cryptocurrency unit more than once, which is a significant concern in a decentralized system.</p>
<p>The attacker may also have the ability to modify or exclude certain transactions from being included in the blockchain, leading to a loss of trust and reliability within the network.</p>
<p>The 51% attack is a serious security threat to blockchain networks, especially those with smaller mining communities or low hashing power.</p>
<p>In order to execute a successful 51% attack, the attacker would require substantial computational resources and control over a majority of the network&#8217;s mining power.</p>
<p>The attack is considered economically irrational for most well-established blockchain networks, as the costs involved in acquiring enough computing power are often prohibitively high.</p>
<p>However, emerging or smaller blockchain networks are more vulnerable to 51% attacks due to their limited resources and lower hash rates.</p>
<p>To mitigate the risk of 51% attacks, blockchain networks often implement consensus mechanisms, such as Proof of Stake (PoS) or Delegated Proof of Stake (DPoS), which rely on different principles than traditional Proof of Work (PoW) to secure the network.</p>


51% Attack

<div class="css-nybri6 etyh6ra0">An economics concept in which one party has a direct advantage in efficiency in producing/providing a specific good or service over another party.</div>


Absolute Advantage

<p>The block header is a section in a block that serves as a summary of the rest of the block. It’s made up of all the metadata – such as the time and difficulty when the block was mined, the Merkle root of the included transactions, and the nonce. Also present is the previous block’s hash, which is what allows us to create the “chain” of blocks. In essence, the block header contains any data that isn’t the list of raw transactions itself.<br />
A block header is what the miners hash to try and make the block valid. This is a lot more efficient than hashing the entirety of the block, which can be made up of thousands of transactions. It would be vastly more cumbersome for a miner to change the nonce and to rehash a whole 2MB block for every attempt. Compare this with hashing Bitcoin’s block headers, for instance, which have a fixed length of 80 bytes.<br />
Block headers are great from a mining point of view, but because of their small size, they’re also ideal for light clients. The Bitcoin blockchain is too large for devices like smartphones to store. If the chain had 100,000 1MB blocks, you’d consume 100GB of space. But with just the block headers for those same blocks, you’d only take up 0.008GB, or 8MB.<br />
In this way, devices with less bandwidth or storage space can still perform some degree of validation. Because the Merkle root encapsulates all of the transactions, they can later check whether a transaction was included in a particular block. This does come at a cost – the user must still rely on a third party to provide them with necessary information. With that said, light clients are preferable to a system where the users perform no verification at all.</p>


Block header

<p>The bid price is the highest price that a particular buyer is willing to pay for a specific product or service. In the context of financial markets, it is the value buyers offer for an asset, such as a commodity, security, or cryptocurrency.<br />
A trading order book consists of multiple bid prices (on the side of buyers) and asking prices (on the side of sellers). The highest bid price is always lower than the lowest asking price and the difference between them is referred to as a bid-ask spread.<br />
Traders or investors that are willing to sell their assets or stock positions need to either accept one of the bid prices available on the order book (ideally, the highest one) or to set an asking price and wait until a buyer eventually bids against that value, filling the order.</p>
<p>In financial markets, traders have the power to decide what price they are willing to buy or sell an asset and they do so at the moment they create their order. Clearly, if the price they set is too far apart from the current market price, their order won’t be filled.</p>
<p>In a situation where multiple buyers are competing for an asset and start putting their bids, one after the other, we would have what is sometimes referred to as a bidding war. When a bidding war occurs, buyers replace their bids higher and higher in order to cover the bids of other competing buyers and this would probably cause the market prices for that asset to increase rapidly.</p>


Bid Price

<p>What Is Bitcoin Pizza?<br />
Bitcoin Pizza refers to the first known purchase of physical goods using bitcoin.<br />
On May 22, 2010, Laszlo Hanyecz, the programmer who would go on to become famous for being the man who bought pizza with bitcoin, made a post on a Bitcoin forum called Bitcointalk. He was looking to make a deal with someone who would take bitcoin as payment for pizza. Hanyecz wrote:<br />
“I’ll pay 10,000 bitcoins for a couple of pizzas.. Like maybe 2 large ones so i have some left over for the next day..”</p>
<p>At the time, 10,000 BTC was equivalent to approximately 41 USD, meaning each bitcoin was worth about 0.0041 USD. Hanyecz’s offer was taken up by another Bitcointalk user, who paid 25 USD for the two pizzas.</p>
<p>Hanyecz acquired the coins by mining on his laptop. Back then, consumer-grade hardware was powerful enough to effectively mine bitcoins. In 2018, Hanyecz used the Bitcoin Lightning Network to buy two pizzas once again, but only spent 0.00649 BTC this time round.<br />
Hanyecz has said in interviews that he doesn&#8217;t regret spending 10,000 BTC on two pizzas. At the time, Bitcoin was an obscure Internet phenomenon followed by only a handful of enthusiasts. Using cryptocurrency to buy a physical good seemed more far-fetched than it does today.<br />
Bitcoin Pizza Day<br />
Thanks to this fabled transaction, May 22 is now known as Bitcoin Pizza Day. It&#8217;s considered a historic moment in the history of bitcoin, marking the first-ever documented time a cryptocurrency was used as a medium of exchange for a real-world purchase.</p>
<p>Today, the 10,000 bitcoins used to purchase those two pizzas would be worth millions of dollars, making it a remarkable example of the early days of bitcoin. The term &#8220;bitcoin pizza&#8221; has even become synonymous with using a cryptocurrency for a seemingly mundane purchase.</p>


Bitcoin Pizza

<p>In short, the term block refers to computer files that store transaction data. These blocks are arranged in a linear sequence that forms an endless chain of blocks &#8211; hence, the term blockchain.<br />
So all information about blockchain transactions is gathered and recorded inside these blocks, and every newly generated block is connected to the previous one through the use of cryptographic techniques.<br />
The chain of linked blocks stores all the transaction data generated since the launch of a particular blockchain. So the records go all the way back to the first block, which is referred to as the block zero or genesis block. The number of confirmed blocks since the genesis block is denoted as the block height.<br />
Taking the Bitcoin blockchain as an example, blocks are made up of multiple elements. Bitcoin blocks contain (among other things) a list of recent transactions, a timestamp, and a reference to the block that came right before it. This reference is a cryptographic hash of the previous block’s data.<br />
The generation of a new block always includes the hash of the previous one, and this is what makes the blocks cryptographically linked. Such a structure allows the creation of a secure database that is highly resistant to tampering and attacks. The block hash acts like an identifier. It is unique to each block and is produced through a process called mining.<br />
Basically speaking, the block hash is the solution to a complex mathematical problem, and the miner that finds a valid solution for the next block is granted the right to validate that block (and the transactions therein). Since mining requires a significant amount of computational resources, successfully mined blocks produce new Bitcoins as a way to reward miners for their work (see block reward).<br />
But sometimes, two or more miners may find a valid block hash at the same time, so that two different blocks are broadcasted to the network. This leads to the creation of two competing chains. To address this problem, the participants of the network (nodes) will choose the chain that eventually becomes the longest (with more “accumulated work”). The other chain is then discarded, and its blocks become stale blocks (see orphan blocks).<br />
Although blocks are usually discussed in the context of cryptocurrency transactions, they may also be related to other types of digital data that are stored on a blockchain system.</p>


Block

<p>Bitcoin Core is the leading implementation of the software enabling users to interact with the Bitcoin network. It is not owned by any single business or organization but is instead updated and reviewed by a community of worldwide developers.<br />
The software was initially released by Satoshi Nakamoto (under the name Bitcoin), only to be later renamed to Bitcoin Core to avoid any confusion.</p>
<p>What does it do?<br />
By running the Bitcoin Core code, a user effectively acts as a node on the network. They can independently verify the validity of blocks received, as well as transactions sent by other users. This keeps miners in check and means that the user needs not trust anyone (such as a wallet provider) to display the correct view of the blockchain.<br />
Bundled into the software is a wallet. Users can use this directly from within the application, or tether external wallets to their node to validate received transactions.</p>
<p>Should I run Bitcoin Core?<br />
Users that frequently transact in Bitcoin should consider running a node to enjoy the various privacy and security benefits. A typical software wallet (one that does not interface with the user’s node) queries third-party servers for the user’s balance.</p>
<p>This practice can be of some concern, as it allows the server to tie the user’s balance to their IP address. The third party can reasonably infer that the user owns the public addresses they ask about.</p>
<p>In a similar vein, total reliance on a block explorer is dangerous from a transparency standpoint. As users have only a single point of reference for their balances, it is easy for the server to transmit false information to them.</p>


Bitcoin Core

<p>In short, Bitcoin is a digital form of money that runs on a distributed network of computers (nodes). In a broader sense, though, many people often use the word Bitcoin to refer to a few different things: a digital currency, a decentralized public ledger, a protocol, or simply the big ecosystem that encompasses all of these. However, there are some fundamental differences between these functionalities.<br />
First, Bitcoin is the name of a peer-to-peer (P2P) digital currency, which is sometimes referred to as bitcoin (with lower “b”) or simply BTC. Bitcoin is a cryptocurrency, which means it is a digital currency that is protected by cryptographic techniques. It was the first cryptocurrency that came into existence, and the first Bitcoin block &#8211; known as the genesis block (or block 0) &#8211; was mined on the 3rd of January 2009.<br />
Second, the Bitcoin decentralized public ledger is what we call blockchain. Despite being closely related, Bitcoin and blockchain are different concepts. The blockchain technology is what maintains the whole structure that allows Bitcoin transactions to be broadcasted and recorded in a trustless and secure way. Note that, in this context, trustless means that the blockchain system does not rely on any kind of trust to function as it is backed by computer code and mathematical algorithms. Thus, the Bitcoin blockchain works as a decentralized digital ledger that publicly lists all confirmed BTC transactions.<br />
Lastly, the term Bitcoin was also used to refer to the protocol that is being continually developed as an open source software. In 2014, however, the original Bitcoin client software was officially rebranded to Bitcoin Core to avoid further misunderstanding. As an open source software, Bitcoin Core counts with numerous contributors worldwide.<br />
Bitcoin was conceptualized by a person (or group) under the pseudonym Satoshi Nakamoto. The idea was to create a unique digital payment system that would permit borderless financial transactions to occur without the need for mediators like banks or governments. The distributed architecture provided by blockchain technology, along with the cryptographic techniques, makes Bitcoin very resistant to attacks and fraud.
</p></div>


Bitcoin

<p>The Beacon Chain is Ethereum’s proof-of-stake (PoS) layer where consensus is reached. It controls and coordinates the network of Ethereum stakers who help validate and secure the network in exchange for staking rewards.<br />
The Beacon Chain went live on December, 2020 and is the first in a series of major upgrades (previously collectively known as Ethereum 2.0) to increase Ethereum’s ability to handle transaction loads more sustainably.<br />
Although the Beacon Chain (previously known as Eth2) is an independent layer that runs parallel to Ethereum’s execution layer (previously known as Eth1), it will soon be connected to the Ethereum mainnet in an event known as The Merge.<br />
Post-merge, Ethereum’s consensus mechanism will permanently shift from proof-of-work (PoW) to PoS. If you are interested in validating the Beacon Chain, you can do so by staking your ether (ETH). As a validator securing the network, you will be in charge of storing data, processing transactions, and adding new blocks to the blockchain.<br />
The ecosystem moving away from mining new blocks means Ethereum miners will eventually become obsolete. Additionally, tokens will no longer be issued in the form of mining rewards, leading to a projected net reduction in ETH issuance of almost 90%.<br />
The Beacon Chain has set the stage for the following scaling solutions: The Merge, The Surge, The Verge, The Purge, and The Splurge. This set of solutions is designed to tackle the Scalability Trilemma proposed by Ethereum founder Vitalik Buterin.<br />
The trilemma suggests that a blockchain can satisfy only two out of three of its fundamental principles — security, scalability, and decentralization. A series of upgrades has been postulated to help Ethereum support a larger transaction load by increasing transaction throughput without compromising security or decentralization.</p>


Beacon Chain

<p>B-Tokens are Binance’s official name for a range of fully-collateralized wrapped tokens. Each B-Token offers a transportable version of an original asset on a different blockchain. Let’s look at a quick example.<br />
Imagine you hold ETH on Ethereum but want to take advantage of staking opportunities on BNB Smart Chain (BSC). You cannot stake your ETH in its current ERC-20 form, so you’ll need to bridge it to BSC with a compatible token standard. To do this, you’ll have to wrap your ETH and, in return, receive a BEP-2 or BEP-20 ETH B-Token that’s BSC compatible.<br />
Binance does this by taking your ETH and securely holding it as collateral. Your B-Token is minted 1:1 with the amount of ETH provided, and you can swap your B-Token back for the underlying collateral at any point, should you wish. This mechanism maintains a stable pegged price for the B-Token towards its underlying ETH collateral.</p>
<p>It’s important to note that B-Tokens are always fully collateralized. You can check our Proof of Collateral for B-Tokens page to see the current state of our B-Token collateral wallets. See our What Are Wrapped Tokens? Binance Academy article for more information on how token wrapping works.</p>


B-Tokens

<p>The portfolio of coins and tokens one is holding. Often related to a poorly performing bag of assets that investors insist to hold.</p>


Bags

<div class="css-nybri6 etyh6ra0">A temporary block created by a mining node (miner) to add to the blockchain to receive the block rewards.</div>


Candidate Block

<div class="css-nybri6 etyh6ra0">A process operating in the background waiting for a specific event or condition in order to be activated.</div>


Daemon

<div class="css-nybri6 etyh6ra0">When the majority of peers on the network are malicious and monopolize the network in order to prevent specific nodes from receiving information from honest nodes.</div>


Eclipse Attack

<p>A situation where a trader enters a position betting on a price movement that quickly reverses or ultimately doesn’t happen.</p>


Fakeout

<div class="css-nybri6 etyh6ra0">The pricing mechanism employed on the Ethereum blockchain to calculate the costs of smart contracts operations and transaction fees.</div>


<p>An individual that has an advanced understanding of computer systems and networks, including programmers and cybersecurity experts.</p>


Hacker

<div class="css-nybri6 etyh6ra0">A conditional order to buy or sell a large amount of assets in smaller predetermined quantities in order to conceal the total order quantity.</div>


Iceberg Order

<p>The smallest denomination of BNB. Derived from the Telegram handle of the Binance Community Manager at the time.</p>


Jager

<div class="css-nybri6 etyh6ra0">A versatile cryptographic function designed by Guido Bertoni, Joan Daemen, Michaël Peeters, and Gilles Van Assche.</div>


Keccak

<div class="css-nybri6 etyh6ra0">The time between submitting a transaction to a network and the first confirmation of acceptance by the network.</div>


Latency

<p>A blockchain protocol which is fully developed and deployed where transactions are being broadcasted, verified, and recorded.</p>


Mainnet

<div class="css-nybri6 etyh6ra0">A participant on a blockchain network that communicates with other participants to ensure the security and integrity of the system.</div>


Node

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">Odysee is a server-less video hosting and distribution platform built on top of the LBRY protocol</div>


Odysee

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">P2P DEX, or peer-to-peer decentralized exchange, is a blockchain-based application that supports P2P trading.</div>


P2P DEX

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">A tool to create and share trading strategies on the FTX exchange.</div>


Quant Zone

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">Radio Frequency Identification (RFID) is a type of technology that uses radio waves to passively identify a tagged item or individual.</div>


Radio Frequency Identification (RFID)

<p>A staking pool allows multiple stakeholders (or bagholders) to combine their computational resources as a way to increase their chances of being rewarded. In other words, they unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards.</p>
<p>The overall idea of the staking pool model is quite similar to the traditional mining pool, which involves the pooling of hash rate in a Proof of Work (PoW) blockchain. However, the staking pool setup is only available on blockchains that employ the Proof of Stake (PoS) model or, in non-POS systems through protocol design features.</p>
<p>Typically, a staking pool is managed by a pool operator and the stakeholders that decide to join the pool have to lock their coins in a specific blockchain address (or wallet). While some pools require users to stake their coins with a third party, there are many other alternatives that allow stakeholders to contribute with their staking power while still holding their coins in a personal wallet. For instance, the so-called cold staking pools enable a more secure model, as users can participate in the staking process while keeping their funds on a hardware wallet.</p>
<p>Compared to solo staking, a staking pool will give smaller rewards because each successful block forging (validation) will split the rewards among the many participants of the pool. In addition, most pools will charge fees, which will reduce even more the final payout. On the other hand, staking pools provide more predictable and frequent staking rewards. Other than that, they allow stakeholders to make a passive income without having to worry about the technical implementation and maintenance of setting up and running a validating node.</p>


Staking Pool

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">The Standard and Poor&#8217;s 500, also known as S&amp;P 500, is a stock market index that represents a list of 500 public companies located in the U.S and their performance in the market.</div>


S&P 500 (Standard and Poor’s 500)

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">T-addresses are one of the two types of addresses available for the privacy-focused cryptocurrency, Zcash, used when transparency is desired.</div>


T-Address (Zcash)

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">Unbanked refers to those that are either unable to access banking services, or choose not to</div>


Unbanked

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">A participant on a proof-of-stake (PoS) blockchain, involved in validating blocks for rewards.</div>


Validator

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">A place where cryptocurrency users can store, send and receive digital assets.</div>


Wallet

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">
<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">X86 Virtual Machine enables Qtum developers to write smart contracts in a language of their choice.</div>
</div>


X86 Virtual Machine

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">The yield curve is a line that plots the relationship between yields and maturities of fixed income securities.</div>


Yield Curve

<div class="sc-bdfBwQ Text-msjfkz-0 byJUJo">Alternative phrasing for an unconfirmed transaction.</div>


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