Ethereum 2.0 nearing the 50% “Ready”, while the ETH Price raises to $548

ETH 2.0 staking


Ethereum 2.0 Staking is nearing launch readiness with over 253,664 ETH staked so far, and 270624 ETH still need to be raised to reach the launch threshold.

Watching the progress of the Ethereum 2.0 staking in the last few days seemed like a still picture — just 2 days ago it was at 20%, and the percentage was about the same for the past week.

The minimal amount one can stake in Ethereum 2.0 launch is 32 ETH, which is required to run one full node.

Ethereum 2.0 staking rewards
The staking rewards calculation

In the last 2 days the raised staking amount jumped past 48.5% and counting!

The Goals and Progress towards ETH 2.0

Four days ago Ethereum hosted an “Ask me Anything” event on Reddit, where Vitalik Buterin promised the Benefits of updated Ethereum network to “come sooner than expected”.

In a post on Reddit he highlighted important features that are on the way to unfold with launch of the new improved network.

Without a doubt, the main benefit of network upgrade is the dramatic increase in Transaction Per Second speed, of up to 100,000 transactions per second.

The initial staking phase of the ETH 2.0 contract is expected to end on December 1, given that it will gather ETH at the same rate.

The full implementation of the ETH 2.0 code, however, will approximately take another 2 years.

Vitalik Buterin on r/Ethereum

Investing into ETH 2.0 contract

Significant amount of large capital investors carry their funds towards ETH 2.0 launch.

Previously I’ve written about a Dubai-Based Crypto Consulting Investment Fund, that staked $10,000,000 in ETH 2.0 contract.

Judging from the rate of staking, it is apparent that they’re not the only big player in ETH 2.0 investments.