The balance of the deposit contract, which enables transferring ETH from the current network to ETH2, validating the authority of the stakers, as of the morning of November 11 stood at 52,993 ETH (~$24.45 million).
The condition for launching the Ethereum 2.0 mainnet is the participation of 16,384 validators, who by December 1 must contribute in total 524,288 ETH. As of today, users have transferred 10% of this amount.
The deposit contract enables transferring ETH from the existing network to ETH2. The minimum stake threshold for Ethereum 2.0 staking is 32 ETH.
After ETH2 launches, validators will begin earning rewards with a floating rate.
The ETH2 deposit contract launched on 4 November.
Ethereum co-founder Vitalik Buterin sent 3,200 ETH (~$1.3 million) to it.
What is Ethereum 2.0?
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