Ethereum 2.0 Countdown Begins With Release of Deposit Contract
Ethereum 2.0’s deposit contract is now live, heralding the imminent unveiling of the "world computer's" second act.
Deposit Contract
The Beacon Chain, the backbone of Ethereum's future Proof-of-Stake network, is now live.
The smart contract required for triggering Ethereum 2.0 has enough funds to begin activation of its most ambitious upgrade yet.
The amount deposited represents 2.67% of Ethereum’s total supply.
The deposit contract for Ethereum’s 2.0 upgrade now holds over 50,000 ETH – 10% of the threshold needed to activate the watershed update.
Exchanges may consider markets for “Beacon chain ether” – that is, ether that’s been staked in the Ethereum 2.0 deposit contract.
