It’s Time to Launch the Ethereum 2.0 Beacon Chain
We've spent the last nine months testing the life out of this thing. It's time to stake our ideas, money and time on the line.
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Ethereum co-founder Vitalik Buterin thanked everyone involved with the beacon chain upgrade, which went live yesterday. After years in the making, Ethereum’s proof-of-stake concept is finally a reality. Congrats on the launch all! — vitalik.eth (@VitalikButerin) December 1, 2020 Beacon chain, or Phase 0, represents the first step in a long journey to transition into […]
On May 25, seven blocks were reorganized on Ethereum’s Beacon chain at 8:55:23 a.m. (UTC) at block height 3,887,075 all the way to block 3,887,081. The reorganization was discovered by Martin Köppelmann who noted the “current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain.” Ethereum’s Beacon Chain Reorgs While all eyes have been glued to development surrounding Ethereum’s upcoming transition to proof-of-stake (PoS) via The Merge, the chain that will be crucial to the transition, Ethereum’s....
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion.
Ethereum Beacon Chain Validators Jump Past the 300,000 Mark
For quite some time now, Ethereum (ETH) network participants have been preparing to transition from a proof-of-work (PoW) system to a protocol that solely relies on the proof-of-stake (PoS) consensus algorithm.
The Ethereum community has been running a parallel system that....
Additional transactions have been deposited into the Ethereum 2.0 contract to ensure a Dec.1 launch of Eth2's beacon chain The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1. Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for the beacon chain, an impressive 524,288 Ether (ETH) from 16,384 validators has been deposited into the Eth2 contract. As....
With just nine hours remaining, the Ethereum’s deposit contract met its threshold of 524,288 Ether — locking ETH 2.0’s beacon chain genesis for Dec. 1. ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live on Nov. 4.Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day — with more than 200,000 ETH being sent to the contract in the past 14 hours.Ether sent to deposit contract over time:....