Vitalik Deposits 3200 ETH into ETH 2.0 Staking Contract

Vitalik Deposits 3200 ETH into ETH 2.0 Staking Contract

By Abhimanyu Krishnan | News | 6 Nov 2020

Ethereum co-founder Vitalik Buterin has made his contribution towards the launch of ETH 2.0, depositing 3200 ETH into the network’s deposit contract on Nov 5.

  • Buterin has made one of the largest contributions to the deposit contract so far; the 3200 ETH deposited amounts to $1.39 million
  • The Ethereum Foundation launched the deposit contract on Nov. 4, asking those interested to be validators to stake a total of 524,288 ETH
  • The deposit contract has seen 33,445 ETH deposited in the 2 days since its launch, but it still some way from the total requirement of 524,288 ETH
  • If the requirement is not met a week before Dec. 1 (the expected launch date), the launch will be postponed until a week after the requirement is met
  • The deposit contract is the first step towards the launch ETH 2.0, with the last testnet launch in October 2020, Zinken, successfully preparing the upgrade for the upcoming mainnet launch

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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