Sirlibz
An update from the Ethereum Foundation on the launch of Ethereum 2.0 phase 0 shows that it could be coming early next month. The deposit contract is now live and can collect the necessary funds to start staking. An update on Wednesday by the Ethereum Foundation had an explanation to how the genesis process is expected to happen.
Staking opportunity is now open to individuals who plan on staking, they can now deposit their 32 Ether to the contract through the dedicated launch while getting reading for the official launch. For the launch to occur, the contract must collect16 384 deposits of 32 ETH, that is a total of 524,288 ETH which is $238,551,040 as of the time of writing. All required funds must be collected 7 days prior to the actual launching date, if it is not, then the launch will be delayed to 7 days after the threshold is reached.
The Ethereum community has long awaited this release and have also signaled their interest in supporting the protocol growth and launching in time too without delay. The launch of phase 2 of the Ethereum 2.0 will not directly affect the existing challenges faced by the current Ethereum blockchain. Once the phase 1 and 2, these phases are more likely to occur in the next few years. The launch of the phases of the Ethereum 2.0 would then clearly rinse the provisions blockchain of all its challenges and allow the community to experience the new staking based consensus.
Ethereum /Cryptocurrency price Action
The whole crypto market has been experiencing lots of good movements in profits. The rise in both prices OT Ethereum and Bitcoin has got investors asking if really the bull market has tricked off already. The announcement of PayPal allowing crypto purchase and even having to later extend the limits is one of the signs why this is pumping so well. The Ethereum 2.0 phase 0 launch too is a contributing factor to almost shooting 6th to $500 per Eth in the market. Eth currently sits at $462 according to the world’s best cryptocurrency exchange, Binance.
