The ETH amount required for staking is collected on the Ethereum 2.0 deposit contract

The ETH amount required for staking is collected on the Ethereum 2.0 deposit contract

Over the past day, the number of ETH blocked on the Ethereum 2.0 deposit contract has increased significantly and exceeded 568,000. Now there are enough coins to start staking.

Interestingly, just yesterday, there were only 293,000 ETH on the Ethereum 2.0 deposit contract. That is, during the day, users blocked almost 300,000 coins to participate in the staking. Given that the launch of the Beacon Chain is scheduled for December 1, the deposit contract will receive more coins.

In addition, during the day, the ETH rate increased by $35 and now the second cryptocurrency is trading at $616. Thus, more than $360 million is blocked for staking.

Recall that the Beacon Chain will be launched in parallel with the existing Ethereum network. This way, network users and decentralized applications will not be affected. However, this is only the first of four stages of the transition to Ethereum 2.0.

Earlier it was reported that the Ethereum Foundation organization plans to sponsor projects that participate in the Ethereum 2.0 staking ecosystem.

News