The balance of the deposit contract, which enables transferring ETH from the existing network to ETH2, confirming the authority of stakers, reached 99,520 ETH (~$47.12 million) or 18.98% of the required amount.
The condition for launching the Ethereum 2.0 mainnet is the participation of 16,384 validators, who by December 1 must contribute a total of 524,288 ETH.
Arcane Research considers the progress achieved insufficient and does not rule out that by the target date the parameters may fall short of the required values.
Progress of ETH 2.0 staking: Behind schedule!
Data from @nansen_ai shows that another 13,424 staking validators are required in the next 2 weeks to trigger the launch of ETH 2.0.
The current growth rate will not be enough, as ~80% of the required validators are still missing. pic.twitter.com/KOSk9gy667
— Arcane Research (@ArcaneResearch) November 17, 2020
According to Ethereum 2.0 lead developer Danny Ryan, in this case will become a relevant alternative scenario.
“Otherwise, the genesis block will be created seven days after the threshold is reached. Regardless of when this happens,” he explained.
To date, the bulk of ETH for staking has come from transactions by major holders. One of them was Ethereum co-founder Vitalik Buterin, who transferred 3,200 coins.
17 ноября стало известно о планах Ethereum Foundation спонсировать проекты, готовые участвовать в стейкинге ETH2.
What is staking and how to earn from it?
The non-profit organization is prepared to fund the creation of tools as well as documentation for staking and validation. Applications for grants can be submitted by December 22. The Ethereum Foundation team welcomes ideas and projects at any stage of development.
Earlier, Vitalik Buterin revealed the advantages of participating in early staking of Ethereum 2.0.
In late October, Consensys Codefi expressed concerns that the high yields of DeFi protocols threaten staking in Ethereum 2.0.
What is Ethereum 2.0?
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