Why I think ETHEREUM 2.0 WILL LAUNCH in 2020!
- The goal is achieved at the last moment
- ETH on the way to renovation
- ETH is ready to storm historic heights
Ethereum 2.0 will be launched on time, the deposit contract has reached 524,288 ETH
Ethereum 2.0 deposit contract collected the required number of coins
ETH 2.0 Phase Zero Will Be Launched As Scheduled
ETH broke through the $ 600 mark
Developers will begin the launch of Ethereum 2.0 Phase 0 as scheduled on December 1st. The project managed to collect the required amount on the ETH 2.0 deposit contract
On Tuesday, November 24, the amount of blocked funds on the Ethereum 2.0 smart deposit contract exceeded the key mark of 524.288 ETH. This is how many coins the developers needed to initiate the zero phase of the Beacon Chain, the network that will form the basis of the new version of Ethereum.
The goal is achieved at the last moment
The launch of staking was announced in early December, but the process went very slowly at first. By November 17, only 18% of the amount needed to launch the project was collected on the ETH 2.0 deposit contract. Weak performance made community members doubt that the project will gain enough ETH by 15.00 Moscow time on November 24. This is the deadline for developers to start rolling out the new network on December 1st.
However, by November 22, the contract was half full and then, in just over a day, ETH holders poured the remaining 50% of the coins into it. According to Ethereum Launchpad, at the time of this writing, there were over 580 thousand coins on the deposit contract (about $ 360 million).
Eth2 Launch Pad
The volume of coins invested in the deposit contract is likely to continue to grow. Those who have kept aloof, fearing that the project will derail the launch date, will be more willing to invest in a new version of the network. Co-founder of the project Vitalik Buterin confirmed on Twitter that you can join the steakin at any time, despite the fact that the amount needed to launch has already been accumulated.
You can still deposit at any time. https://t.co/sdwu4sr5Gt
– vitalik.eth (@VitalikButerin) November 24, 2020
ETH on the way to renovation
As a reminder, the transition to ETH 2.0 is a complex process. Moreover, for some time both networks will work in parallel. The development team postponed the launch for a long time, testing the new protocol on various test networks.
Beacon Chain will become a key component of sharding integration, a functionality that will allow Ethereum to be split into fragments, shards, and thus ensure network scalability. Additionally, Ethereum 2.0 will transition from a Proof-of-Work (PoW) model to a new Proof-of-Stake (PoS) infrastructure..
ETH is ready to storm historic heights
In morning trading on Tuesday, the ETH rate tested the $ 625 mark. This is the highest value in the last two and a half years. As of this writing, the coin is trading at $ 613. Despite the pullback from the highs, the bullish trend is not slowing down. ETH has risen in price by 7% over the day, over the past week the growth was 34%.
ETH / USD, daily chart. Source TradingView
According to renowned cryptocurrency analyst and trader Josh Rager, the second largest digital coin has huge and as yet undisclosed bullish potential. Ethereum 2.0 Phase Zero Successful Launch Could Be the Impact That Pushed ETH to Historic Highs.
All information, contained on our website, published in good faith and objectivity, and for informational purposes only. Reader bears full responsibility for any actions, committed by him on the basis of information, obtained from our website.