In a few hours remaining, the Ethereum deposit contract reached its threshold of 524,288 ethers and thus ensured the creation of the Eth2 beacon chain by December 1st.
The creation of the Eth2 beacon chain was confirmed for December 1st after the transfer of 524,288 ethers (ETH) from 16,384 validators to the Eth2 deposit contract since it was released on November 4th.
Despite initial concerns due to the low turnout The transfers to the deposit agreement increased rapidly on the last day. In the last 14 hours, more than 200,000 ETH have been sent to the contract.
The creation of the chain of lights Ethereum 2.0 is planned for December 1stand takes place seven days after the required threshold for the deposit agreement is reached.
Any of the Ethereum investors right now pic.twitter.com/ACqF7laFfG
– Anthony Sassano | sassal.eth (@ sassal0x) November 24, 2020
While Genesis participants cannot withdraw their coins until the ETH 2.0 reaches phase 1.5, in which the main Ethereum network is merged with the beacon chain and the fragmentation environment of Eth2, Many scammers are waiting for third parties to launch staking services with the option of withdrawals despite the potential risk of exit fraud.
The deposit agreement threshold was reached in approximately nine hours by its deadline.
We made it. Evidence of Ethereum’s chain of holdings will be released on December 1st.
We have reached the minimum required to start the chain, including outstanding transactions pic.twitter.com/kPGNX6qqk6
– Evan Van Ness (@evan_van_ness) November 24, 2020