Vitalik Buterin Gets Ready to Stake

vitalik buterin staking nov 2020

Ethereum’s co-founder Vitalik Buterin has sent some 3,200 eth, worth $1.5 million, to the deposit contract. That means he will be one of the first stakers to validate on the new ethereum 2.0 Proof of Stake (PoS) blockchain expected to launch on or around December the 1st. So far 37,000 eth is ready to stake out of the 524,000 eth needed prior to December 1st for the genesis block to launch. Meaning we’re not quite at 10% yet with Buterin presumably trying to increase confidence, but this 3.2k eth is around 1% of his eth holdings. The Ethereum Foundation is expected to stake as well, but it’s not clear they would join so early as there are risks in regards to potential non-finality during the early days of the new blockchain. In addition the eth itself would be locked for probably at least two years, making this a time based…

Read the original article here