Ethereum 2.0 confirmed for December 1st: threshold exceeded hours before expiry

Ethereum 2.0 confirmed for December 1st: threshold exceeded hours before expiry

Only nine hours before the Ethereum deposit contract expired, the required threshold of 524,288 ethers was reached.

With this, ETH 2.0 comes on December 1st

The start of ETH 2.0 was scheduled for 1.12. confirmed after 524,288 ethers ( ETH ) were transferred from 16,384 validators to the ETH 2.0 deposit contract , since this on November 4. opened.

Despite initial concerns about low staking participation, transfers to the deposit contract increased rapidly over the last day. Over 200,000 ETH has been paid into the contract in the last 14 hours.

Ether in the deposit contract: Dune Analytics

The Ethereum 2.0 chain is now set to go online at the earliest possible start date, December 1st. This will happen automatically seven days after the threshold is reached.

Participants can only have their coins paid out again in phase 1.5 of ETH 2.0. In this, the Ethereum mainnet is merged with the ETH2 chain and the split environment. Many hodlers are waiting for third parties to introduce staking services that offer a withdrawal feature. However, the risk of exit fraud is very high.

The threshold set in the deposit contract was reached about nine hours before the deadline.