Ethereum 2.0 should be launched on December 1, 2020

Ethereum 2.0 should be launched on December 1, 2020

By Gamma | Gamma | 26 Nov 2020


Ethereum 2.0

 

The first version of Ethereum 2.0 should be launched on December 1, 2020, on the sole condition that 16384 validators have joined the network 7 days before this date.

Each validator will have to invest 32 ETH, which currently represents nearly $15'811.20. The total amount of ETH 2.0 is expected to be US$213 million.

 

524,288 Ether on the Ethereum 2.0 deposit agreement was finally reached a few hours before the deadline. The Proof-of-Stake can now start

More than 200.000 ETH arrived on the Ethereum 2.0 depot contract in only 14 hours.

 

Annual interest will be 14.26%.

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The launch on December 1st corresponds to Phase 0 of Ethereum's transition to Proof of stake.

As the transmission is blocked at least until step 1, the verification program cannot be left voluntarily. The Validator has to wait for phase 2, i.e. about 2 years, before withdrawing the ETH.


Therefore, sending 32 ETHs in the contract is equivalent to a two-year commitment.

 

 

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