Ethereum 2.0 Countdown Begins With Release of Deposit Contract
Ethereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the "world computer's" second act.
Related News
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.
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,....