Ethereum 2.0

The crypto market has been on a bullish run in recent weeks led by Bitcoin. Ethereum has also made impressive gains during this period moving from $130 to above $700 in 12 months. This gain has transferred to its ecosystem, with over 90% of ETH portfolios in profit. 90% of Eth Addresses In Profit Analytical firm Glassnode recently published a report analyzing the Ethereum ecosystem. During this analysis, it was discovered that more than 47 million ethereum portfolios were trading…

Data from Dune Analytics reveals that there is currently 2million ETH locked into the ETH 2.0 contract. This shows the increased confidence in the Ethereum 2.0 update currently under development. Ethereum 2.0 a major update In general, the crypto community has been surprised to observe the levels of participation in Ethereum 2.0. It is worth remembering that Ethereum 2.0 aims to improve the ETH Blockchain in speed and usability. Recall that, currently, the Ethereum Blockchain suffers multiple bottlenecks that raise…

Ethereum 2.0 (ETH) smart deposit contract was launched a month ago in anticipation of its move to the proof-of-stake protocol. Since then the number of eth staked has reached record levels and it is now the fourth largest staking network. $1 billion Worth Of ETH Staked According to Dune Analytics data more than $1 billion worth of ETH has been sent to the smart deposit contract. This corresponds to 1.5 million ETH, or nearly 1.4% of the total Ether supply.…

Ethereum 2.0 beacon chain has successfully launched today as it ushers in a new era for the leading smart contract platform. The Beacon phase will initiate a multi-year upgrade for the network that will culminate in the full deployment of Ethereum 2.0. Ethereum co-founder Vitalik Buterin posted an image of the genesis block produced on the Beacon phase smart contract. https://twitter.com/VitalikButerin/status/1333744735735795712 Beacon Chain Begins Major Transition for the Ethereum Network The beacon chain launch initiates the transition from Proof-of-Work (PoW)…

Ethereum co-founder Vitalik Buterin has revealed that Ethereum 2.0 deposit contract is live. Buterin made this announcement on Twitter an hour ago, which paves the way for the rollout of Ethereum 2.0 Phase 0. The Ethereum foundation in a blog post further revealed how the genesis process is expected to happen.  The genesis time for the rollout of Ethereum 2.0 has also been moved from Jan 3 to December 1. Prospective stakers will be able to deposit the required ether…

The Ethereum 2.0 update continues to be one of the most anticipated crypto events of the year. Ethereum 2.0 is a multi-lab initiative that seeks to take the world's second-most popular cryptocurrency to new heights. The upgrade will introduce a host of new features and functionalities to the network. Specifically, the new protocol improves speed, efficiency, and scalability. In addition, developers believe the integration will alleviate congestion and lower gas costs for smart contract developers. Importantly, gas is the currency…

The use of Ethereum has risen explosively within the previous couple of years. The ICO bubble at the end of 2017 and most of 2018 was the major root of the blockchain’s utility. This also perpetuated an unsustainable uptrend regarding the price action of Ethereum. There was a shift towards the end of 2018 as regulatory measures hit ICOs worldwide, thereby largely halting the trend. However, as decentralized finance (DeFi) which allows users to offer and receive peer-to-peer loans using their…

Technically, the performance of Ethereum has recently been relatively dull, with bulls striving to gather any remarkable uptrend as the cryptocurrency asset closely tracks the performance of Bitcoin. A data metric reveals investors’ heavy accumulation when ETH incurred a recent downturn. Hence, they have gained profit which has attained a historical area of barrier, as 80 percent of ETH’s supply is now in a state of profitability. Analytics platform Glassnode noted that 80 percent of the aggregated ETH supply is currently profitable.…

ETH 2.0 staking node requires Ethereum wallets to have a minimum of 32 ETH and according to data provided by Arcane Research and Nansen AI, the number of Ethereum wallets with the minimum number of tokens have increased by 13 percent in 2020. The cryptocurrency space is awaiting the TBD launch of Ethereum 2.0, while ETH buyers are accumulating tokens in anticipation of the update apparently in an attempt to claim the supposed staking nodes that will be important to ETH’s upgrade. The analytics…