Ethereum is approaching the launch of ETH 2.0 and all services that the new upgrade will bring.
The upcoming ETH participation has already prompted many to purchase ETH and include it in the project’s depot contract.
The launch of Ethereum 2.0 is expected for early December this year.
This is an exciting time for Ethereum, as the launch of ETH 2.0 is finally imminent. In fact, phase 0 of the upgrade has already started and the project has just launched its deposit contract this Wednesday.
Now all of their ETH coins are preparing for the upcoming staking out, and even the project’s co-founder, Vitalik Buterin, has sent some of his coins for staking out.
Ethereum’s Vitalik Buterin sends 3200 ETH coins for staking
According to a report from TrustedNodes, Buterin sent a total of 3’200 ETH in 100 transactions with his VB2 wallet, each of which contained only 32 ETH. Based on the price of the ETH at the time of the transactions, the total value of the amount is approximately $1.4 million.
Of course, the funds were sent to the new deposit contract, which was launched to allow network participants to move their funds from the old PoW block chain to the new PoS, which will arrive shortly.
Since the launch of the contract, public ETH participants have only been able to send at least 32 ETH, which is required for use on the updated version of the block chain.
In the meantime, users have already deposited about 38,693 ETH, the total value of the deposited funds is about 17 million.
Eagerly awaited staking out of Ethereum comes
Considering that the popularity of betting has grown enormously in recent times, it is no surprise that so many users rush to use the new service after the opportunity to take advantage of it.
The idea is to give users the opportunity to block and commit their funds for a certain period of time. In return, the users will be granted rewards.
This is not an actual withdrawal, as the PoS networks already have all their coins minted. Ethereum is also in the process of becoming such a network. For the time being, however, it is still mintable, just like Bitcoin.
As far as Ethereum 2.0 is concerned, it should be on the market in early 2020, but this has been delayed. The next launch date has not yet been fixed, although many expect it to be in early December.