Ethereum Foundation Devs Discuss ETH2 Launch & Economics
One of the biggest stories in the crypto space right now is the upcoming launch of Ethereum 2.0 — the long-awaited upgrade to the blockchain that will overhaul its consensus mechanism and how it validates transactions. There have been some concerns that the launch won’t take place due to the lack of deposits into the […]
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Analysis of recent deposits to the Eth2 contract address reveals the number of individual validators is on the rise. Seven weeks after the launch of Ethereum 2.0’s beacon chain and 2.25 million ETH has been deposited into the ETH2 contract address, signaling growing confidence in the long-awaited rollout of ETH2. More than 66,360 beacon chain validators have been created as part of Ethereum’s transition from Proof of Work to Proof of Stake.Data provided by smart contract experts at Dune Analytics suggests that more ETH is now being staked by individual contributors than single addresses....
“By removing Eth2 terminology, we save all future users from navigating this confusing mental model,” the Ethereum Foundation stated. The Ethereum Foundation has removed all references to Eth1 and Eth2 in favor of calling the original blockchain the “execution layer” and the upgraded Proof of Stake chain the “consensus layer.”Ethereum’s long-awaited transition from a Proof-of-work mining model to a Proof-of-Stake (PoS) consensus mechanism is expected to go live around in the second or third quarter of this year.Announcing the change the foundation cited a number of rationales including a....
The launch of Ethereum 2.0 (ETH2 or Serenity) has long been expected. It was first slated to arrive earlier this year, but multiple delays have pushed back the launch date to ensure that security is maximized. There was recently a scare that it was delayed once again. Ethereum Foundation researcher Danny Ryan said that the […]
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....
There were fears that Ethereum 2.0 (ETH2 or Serenity) was going to be delayed once again. Danny Ryan, an Ethereum Foundation researcher, said in a podcast in the middle of October: “This library is critical to creating keys, signing messages. Critical, in early phases, [means] that if you use this library, they need to be […]