The first phase, or Phase 0, in the transition to Ethereum 2.0/ aka Eth2.0/ aka Serenity successfully launched today. In this phase of the process a proof-of-stake chain, known as the Beacon chain, is now running. ETH holders can deposit (or stake) ETH in multiples of 32 and start accumulating staking rewards, thus becoming validators in …
Genesis Block Signals There’s “No Stopping” Ethereum Now Read More »
Phase 0 of Eth2 is set to kick off on its targeted launch date of Dec. 1 now that more than 584,224 ETH (or about $350M) is staked in the deposit contract. The historic threshold was needed to deploy the Beacon Chain, the new primary source of truth for Ethereum as it transitions from Proof …
There is now 20% of the required staked ETH needed for the network to launch its proof-of-stake-chain, the first step in its transition to Ethereum 2.0, and a big chunk of it is coming from long-time ETH whales. There is 105k ETH in the ETH2 deposit contract out of the required 524K, just two weeks …
Three Whales Are Responsible for 25% of ETH Staked for Eth2 Read More »
The deposit contract for Ethereum’s new proof-of-stake chain was released today. If ~524k ETH is deposited this month, the new chain will go live on Dec.1. Potential rewards for contributing to that pile of ETH are enticing, but as is usually the case with high returns, there’s also high risk. So far, 5.7K ETH from …
With DeFi’s explosive activity over the last month, Ethereum users have been struggling under the weight of transaction fees. Consequently, expert crypto traders are forced to rethink strategies and newcomers have more than likely thought twice about participating. You can try to grow sustainable crops in volcanic soil, but you won’t get very far while …
