Ethereum 2.0 Staking Deposits Surpass ◊3 Million

ethereum 2.0 staking deposits 3 million feb 10 2021

More than 3 million eth has been deposited to stake on ethereum 2.0, surpassing about 3% of the total supply for the first time. Some $5.3 billion is now securing the new Proof of Stake network, more than for any other blockchain. In addition validators have reached an all time high of 85,000, but there remains a lack of data on what node clients they are running. Something very important because no client should have more than 30% of the share, but there have been suggestions Prysm has 50%. Nonetheless, the network has been operating without a hitch so far, with epochs finalizing at a participation rate of more than 99%. This Proof of Stake network is not doing much currently but validating the Proof of Work block headers. That is set to change once the current ethereum network merges with eth 2.0 perhaps sometime next year once the difficulty…

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