As promised by the co-founder of Ethereum (ETH) ‘Vitalik Buterin’, the Ethereum 2.0 is set to launch next week. It has been scheduled by the Ethereum developing team to take place in the coming week.
It has been confirmed by Ethereum 2.0 developing team that if not all, at least it will be Ethereum 2.0’s Proof-of-Stake blockchain that will be running side-by-side the Ethereum blockchain.
It has been announced that the launch of the Eth2 Proof-Of-Stake blockchain is due on the 1st of December, 2020. The Eth2 developing team has revealed that it has dubbed the name of the new blockchain as ‘the beacon chain’.
Followed by the announcement of Eth2 launch, there have been two perspectives of the launch. One side is rather concerned and hesitant about the December 1st launch of the Ethereum 2.0 ‘proof-of-stake’ blockchain.
On the other hand, the other side is highly anticipating the launch of the Eth2. It has been revealed by the sources that so far a staggering figure of 524,288 Ether (ETH) has already been deposited. This high amount of Ether (ETH) has been deposited by a total of 16,384 validators into the Eth2 contract.
This has provided an assurance to the rest of the Ethereum users that the Eth2 ‘the beacon chain’ will be launched as planned.
Prior to the launch of the Eth2 blockchain, a certain benchmark was set for the Eth2 contract deposits. Just recently, Vitalik Buterin announced that the Eth2 contract deposit benchmark they had set has already been exceeded.
Vitalik Buterin even tweeted about their achievement through social media and showed the charts for the increased volumes of deposits for the Eth2 contract.
However, the first question that comes to mind is that who was responsible for depositing such a significant amount Ether (ETH) contract? It was later confirmed by the CEO of Celsius ‘Alex Mashinsky’ that Celsius Network was responsible for making a deposit of 25,000 Ether.
Alex confirmed that they did this to ensure that Ethereum 2.0 had enough Eth2 contracts to launch the blockchain smoothly.