While the crypto community expects Ethereum 2.0, a large number of ether (ETH) holders already have enough ETH to participate in the network.
Almost 80% of the total Ether range (ETH) is in non-exchangeable purses that exceed the amount required for use on Ethereum 2.0. According to the latest report from “Ethereum 2.0 Economic Review”published the report on July 16 is from executives of the developer of the Ethereum blockchain infrastructure, ConsenSys.
The network collects the ETH that is required to participate in Ethereum 2.0
According to the message, 77.7% of the current ETH offer or around 86.6 million ETH remain in purses with more than 32 ETH. the minimum amount required to receive bonuses at ETH 2.0.
While most stakeout ETHs are in non-exchangeable purses, exchanges subject to stakeout services manage an additional 18.7 million ETHs. according to the message. In accordance with ConsenSys, these scales form a “useful and convincing addressable market”, while the main goal should be the rewards “Turn these wallets into active validators”.
ConsenSys experts also pointed out that 13.8% of ETH bets corresponds to the security level of ETH1 at historical prices. “We estimate that the goal of the ETH deployment rate for adequate security against historical price fluctuations is 13.8%.”specifies the report.
What is at stake at Ethereum and why is it important?
Ethereum use is an important part of the highly anticipated Ethereum blockchain update. the so-called Ethereum 2.0. This update Moves Ethereum’s implementation consensus from proof of work or PoW targeting miners to proof of stake or PoS targeting validators.
Holders of cryptocurrencies with more than 32 ETH are entitled to participate in ETH. A practice that enables users Receive rewards in return for validating blocks instead of miners.
Early May, ConsenSys published a report showing that 66% of ETH holders wanted to put their coins in place as soon as the first phase of ETH 2.0 publication was completed.
While the implementation of Ethereum 2.0 is expected to take place in the course of 2020, the network has been in the Test 2.0 network “Beacon” since May 2020.