The Ethereum 2.0 Deposit Contract Launches

ethereum2.0 deposit contract nov 2020

The deposit contract for the new Proof of Stake (PoS) blockchain has been published on ethereum after years of development for the biggest upgrade of any running blockchain. The final spec, version one, has gone live and that sets a minimum time for the ethereum 2.0 genesis block of December 1st 2020. Some 524,288 ETH by 16,384 validators need to be deposited first. If that is prior to December 1st, the genesis block automatically goes live. Otherwise, it does so whenever the eth minimum requirement is met. So far, 4,037 eth has already been deposited in the past two hours since the spec went live, worth about $1.6 million. All will now be watching to see how these deposits progress up to and then after December the 1st. The launchpad has gone live with it explaining the potential risks as well as gains for stakers who can earn some 20%…

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