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Ethereum 2.0 deposit contract is almost 50% full

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Ethereum 2.0 Exciting News! Deposit Contract is ready for Mainnet!🚀

Ethereum 2.0 deposit contract is almost 50% full

Ethereum 2.0 deposit contract is almost 50% full
CONTENT

  • Validators have already contributed 238 240 out of 524 288 ETH

  • There are only two days left until the deadline

  • Ethereum has already updated its annual maximum, but difficulties may lie ahead

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Users of the cryptocurrency community have already contributed almost 240 thousand units of ETH cryptocurrency to the deposit contract of the new Ethereum 2.0 network

Ethereum 2.0 deposit contract is almost 50% full

The fullness of the deposit contract of the new Ethereum 2.0 network, as of the morning of November 22, reached 45.44%. According to the analytical resource Dyna Analytics, the amount of ETH deposited for staking in the contract is 238,240 ETH (~ $ 130 million at the current exchange rate).

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Source: duneanalytics.com

It is noteworthy that as early as November 17, the contract completion rate was only 18%. Recall that in order to launch the Mainnet network (which is scheduled for December 1), the contract must collect at least 524,288 ETH (from 16,384 validators) by November 24. If by the specified time the contract cannot collect the required amount of ETH, the launch of Ethereum 2.0 will be postponed.

Along with the growth of ETH deposited for staking the Ethereum 2.0 network, the price of ETH itself rose sharply. At the time of this writing, the price of ETH / USDT is $ 536.11, and the market capitalization of the asset is close to $ 61 billion.

Ethereum 2.0 deposit contract is almost 50% full

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Refreshing the 2020 high, ETH has important long-term resistance ahead that could trigger a rebound. What to fear about ETH in the near term – read in a special material from BeInCrypto.

Guarding the network

The Ethereum 2.0 deposit contract is the first product of the new mainstream network and serves as a guarantor of sufficient capital to protect the transition of the Ethereum network from the Proof-of-Work (PoW) model to the new Proof-of-Stake (PoS) infrastructure.

To become a guarantor of network security, the user must deposit 32 ETH (~ $ 16 thousand) to activate the validator software. As a validator, the user is responsible for storing data, processing transactions, and adding new blocks to the network chain. Along with the launch of the Mainnet, validators will also receive a floating interest rate reward.

However, even those who do not have the required 32 ETH can also take part in the launch of the network. To do this, the user can deposit a smaller amount of ETH into special staking pools. Which pools are already ready for the transition to Ethereum 2.0, you can find out here.

What do major investors think about the launch of Ethereum 2.0 – read in a recent editorial.

Ethereum 2.0 deposit contract is almost 50% full

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