More investments continue trickling into Ethereum 2.0 deposit contract, given that the number of staked ETH is scaling the heights.
Maart Asiicht Provider Glassnode erkläert:
”Total value in the ETH 2.0 deposit contract just reached an ATH of 12,777,045 ETH.”
Quell: Glassnode
Ethereum 2.0, or the Beacon Chain, which was recently renamed the consensus layer, was lancéiert in December 2020 and was regarded as a game-changer that sought to transit the current Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) framework.
Den Iwwergank vun engem P.O.W. to a PoS consensus mechanism called the merge is speculated to be the biggest software upgrade in the Ethereum ecosystem and the proof-of-stake algorithm will allow the confirmation of blocks in a more energy-efficient way.
Therefore, validators will stake Ether instead of solving a cryptographic puzzle.
The number of validators is also edging closer to the 400k mark. Glassnode unerkannt:
“Over 12.764M ETH has been staked by 398k unique validators. This is 10.73% of the circulating supply. Since 1-May, 19.8k additional validators have come online and staked.”
Ethereum researcher Justin Drake recently bekanntginn that the merge was expected in August because testing was in the final stages.
D'Fusioun gëtt normalerweis als e Spillwechsel ugesinn, deen dem Ethereum Netzwierk en neit Gesiicht gëtt, well et erwaart gëtt ze verbesseren Skalbarkeetsflich duerch Upgrades wéi Sharding.
Ausserdeem gëtt et erwaart d'Ethereum Quest als deflationäre Verméigen ze stäerken, well den zweetgréisste Krypto-Währungswäert spekuléiert gëtt op Basis vun der ofgeschniddener Versuergung eropzesetzen.
Meanwhile, Arthur Hayes, the ex-CEO of crypto exchange BitMEX, kommentéiert that Ethereum is on its way to $10,000 by the end of the year because the merge will be the tipping point, putting the second-largest currency ahead of the game.
Hayes pointed out that the proof-of-stake consensus mechanism will make Ethereum a “currency bond” or commodity-based compared to geschriwen.
Bildquell: Shutterstock
Source: https://blockchain.news/news/ethereum-2.0-deposit-contract-hits-ath-as-investments-heightens