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20 January 2021

1% of all ETH is now staked on Ethereum 2.0's beacon chain | CryptoSlate

1% of all ETH is now staked on Ethereum 2.0's beacon chain | CryptoSlate


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1% of all ETH is now staked on Ethereum 2.0's beacon chain.

The chain, part of a broader, multi-phase move to a proof of stake mechanism design, holds over 1.15 million ETH from 3,215 depositors as of Monday.

For the uninitiated,Ethereum 2.0 sees Ethereum shift from its current proof of work design to a proof of stake consensus mechanism, allowing traders to lock up their ETH (for an as-yet-unspecified time) to generate variable yearly returns.

The beacon chain required a minimum of 524,000 ETH to be staked for a successful launch, with the current 1.15 million staked ETH representing a 219% surplus.

24 saw the biggest deposits on Ethereum 2.0, with over 244,000 ETH staked in a single day, even though it saw alessernumber of depositors overall.

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