According to their last blog post, Ethereum 2.0 is here and the first version will be launched on 1st of December, if all the criteria are met. The Ethereum Network will have a Proof-of-stake consensus mechanism instead of the Proof-of-work used at the moment, so you will need to stake ETH for rewards instead of mining. In order to start, they will need 16384 validators on the network, but i think this is highly probable to happen, as there are more than 26.000 wallets right now having 32+ ETH.
We have this explained here:
Do not send the funds to the deposit contract, but use the staking mechanist via Launch Pad instead. If you send to the deposit contract, you are not staking and you will receive no rewards. After the blog post Eth had an uptrend spike, going over $400. At the moment we have Bitcoin, Ethereum and Litecoin in green, with the rest of the altcoins still in the red area.
So, get your 32 ETH ready and be prepared for the Phase 0, on 1st of December. Until then, best of luck!
Yours truly,
George
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