Ethereum 2.0 Deposit Contract Tops $22.5M One Week After Launch

There's buzz that the Eth 2.0 deposit contract appears to have been deployed but there has been no official announcement. Excitement is stirring in the Ethereum community after the deposit contract was apparently posted on Github, however the lead developers are yet to officially confirm the deployment.Ethereum developers have warned in the past about the danger of fake deposit contracts, so users should not send any Ethereum to the contract until after an official announcement. The repository on Github was posted a few hours and appears to have been uploaded by Ethereum Foundation....

An Ethereum 2.0 developer predicts the protocol’s deposit contract will be released in a matter of days, and that ETH 2.0 staking will go live this year. ConsenSys developer Ben Edgington has published an update that predicts the ETH 2.0 beacon chain genesis will happen within the next six to eight weeks.In a post announcing the launch of ‘V1.0.0 release candidate 0’, Edgington revealed the protocol’s deposit contract address feature should be announced this week. The deposit contract allows ETH to be sent between Ethereum and ETH 2.0, and is one of the few remaining updates needed to....

The amount deposited represents 2.67% of Ethereum’s total supply.

The first day of December is likely to be the launch date. Ethereum 2.0 Phase 0 has now been formalized for launch at some time around Dec. 1. The deposit contract is live and can collect the necessary funds to trigger staking.An update by the Ethereum Foundation released on Wednesday explains how the genesis process is expected to happen.Prospective stakers will now be able to deposit their 32 Ether (ETH) deposits to the contract via the dedicated launchpad and get ready for the launch.The contract must collect 16384 deposits of 32 ETH each, a total of 524,288 ETH or about $200 million,....

Despite the uncertainty around the launch of Ethereum 2.0, Bitcoin Suisse expects to make its ETH staking service available before the holidays. Crypto service provider Bitcoin Suisse expects to offer its Ethereum (ETH) staking services before Christmas, underscoring the firm’s expectations of an imminent launch of Ethereum 2.0. In a statement released Wednesday via Trustnodes, Bitcoin Suisse said:“The deposit contract for Ethereum 2 is now live. This means that the new version of the second biggest protocol by market cap will most likely become a reality before Christmas.”The firm intends....