Bitcoin Suisse hopes to offer an Ethereum stakeout service before Christmas

The crypto service provider Bitcoin Suisse hopes to be able to offer its staking services for the Ethereum (ETH) before ChristmasThis underscores the company’s expectations for an upcoming Ethereum 2.0 launch.

In a statement released on Wednesday via Trustnodes, Bitcoin Suisse said:

“”The deposit contract for Ethereum 2 is now active. This means that the new version of the second most important protocol by market capitalization is expected to go live before Christmas. “

The company intends to offer the stakeout service from the first day Ethereum 2.0 is active:

“This is one of the most important milestones in cryptocurrency this year and we will be ready for our customers from day one.”

Bitcoin Suisse hopes to offer an Ethereum stakeout service before Christmas
Bitcoin Suisse hopes to offer an Ethereum stakeout service before Christmas

Bitcoin Suisse was founded in 2013, making it one of the first cryptocurrency-oriented financial service providers.

The deposit contract for Ethereum 2.0 is open, meaning anyone who wants to become a validator can deposit their minimum stake of 32 ETH. As of Wednesday, the deposit agreement had deposits valued at more than 101,700 ETH, valued at nearly $ 48.2 million.

Ethereum Deposit Contract Balance of Etherscan

According to a blog post by the Ethereum Foundation, the first phase of ETH 2.0 will start on December 1st at the beginning of this month. The developers have set a minimum threshold of 524,288 ETH as the mainnet trigger. The goal must be achieved at least seven days in advancethat is, before November 24th.

At this point in time, it is unlikely that enough ETH will be deployed to ensure a successful launch before December 1st. However, this could change quickly as the deadline approaches. As ConsenSys engineer Ben Edgington recently told Cointelegraph:

“There are few advantages to early staking. I think people just take their time.”

As a cryptocurrency administrator With Bitcoin Suisse, investors can participate in the Ethereum stake without having to comply with the minimum threshold of 32 ETH. Svante Jorgensen, a blockchain engineer for the firm, told Trustnodes earlier this year that Bitcoin Suisse does not offer “lower limits on the size of stakes”.

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