Ethereum 2.0 Countdown Begins With Release of Deposit Contract

Researchers are waiting on a final audit of a critical crypto library before releasing the deposit contract, Ethereum Foundation researcher Danny Ryan said.

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....

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.

The deposit contract for Ethereum’s 2.0 upgrade now holds over 50k ETH – 10% of the threshold needed to activate the watershed update.

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....