Ethereum Closing In on $2,800 As ETH 2.0 Deposit Contract Hit New ATH
On Thursday, the world’s second largest cryptocurrency by market cap, Ethereum surged in an indomitable bull rally. At press time, the coin was trading at a new all-time high of $2,760, a 2.89% gain in the last 24 hours. ETH currently has a market cap of $320 billion. Asset Manager WisdomTree Lists Ethereum ETP The […]
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Ethereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the "world computer's" second act.
More than 500,000 ETH have been locked into Ethereum 2.0's deposit contract, kick-starting the network's major, multi-year development phase.
Researchers are waiting on a final audit of a critical crypto library before releasing the deposit contract, Ethereum Foundation researcher Danny Ryan said.
The deposit contract for Ethereum’s 2.0 upgrade now holds over 50k ETH – 10% of the threshold needed to activate the watershed update.
Exchanges may consider markets for “Beacon chain ether” – that is, ether that’s been staked in the Ethereum 2.0 deposit contract.