[ad_1]
It was feared that Ethereum 2.0 (ETH2 or Serenity) would be delayed once again. Danny Ryan, a researcher with the Ethereum Foundation, said in a podcast in mid-October:
“This library is essential for creating keys and signing messages. Critical, in the early stages, [means] that if you use this library, they must be protected; if you use it to generate your wallets, it must have good randomness; and if you are signing your deposits that have a signature associated with them, it must be correct. Given how critical this library is, and given that, if there is a fundamental error in this library, we could screw some shit in terms of genesis repositories, this is the hang. “
Fortunately, the ETH2 deposit agreement was recently released by the developers. The deposit agreement will facilitate the transfer of Ethereum from the original blockchain to the new one.
Related Reading: Here’s Why Ethereum’s DeFi Market Could Be Close To Bottom
Ethereum 2.0 progress update
The Ethereum 2.0 deposit agreement was released last week. Investors could deposit ETH into this contract, which will allow depositors to apply for ETH2 on the second network once it becomes available.
Although there is some uncertainty about the exact returns depositors will get this way, a lot of Ethereum has been deposited in the contract.
According to Dune Analytics, an analytics firm focused on cryptocurrencies and Ethereum, 47.7k ETH has been sent to the deposit agreement in the last few days. This is 9% of the 524,000 ETH threshold needed to start this network.
So far there have only been 232 depositors who have deposited coins into the contract. Some have argued that due to the uncertainty about the returns offered and whether the funds are completely safe, retail investors are hesitant to deposit. There is also the complication of creating a validation node for ETH2, which could prevent further investment.
Currently 47.7k ETH sent to ETH2 deposit agreement deposito
9% of the 524k 🧗 threshold
Only 232 depositors so far with 13.9k ETH from the main depositor 🍄https: //t.co/4RidXcKw7v pic.twitter.com/JMKZX5nUS7
– Dune Analytics (@DuneAnalytics) November 8, 2020
Related reading: Tyler Winklevoss: A “tsunami” of capital is coming for Bitcoin
Vitalik Buterin makes large deposits
Vitalik Buterin was one of the main participants in this contract.
Online analysts noted that one of Vitalik Buterin’s known addresses deposited 3,200 ETH, which means enough coins for 100 validators, in the contract.
In Buterin’s address, $ 2.5 million worth of Ethereum remains. It is unclear whether he will continue to deposit those coins in the deposit agreement.
There are other whales participating in the deposit agreement as well, although it is not 100% clear who exactly these people are.
Related reading: 3 Bitcoin chain trends show a macro bull market is brewing
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Only 232 Addresses Have Deposited Ethereum in ETH2 Thus Far
[ad_2]Source link
