Category: Beacon Chain

Ethereum All Set to Transition From PoW to PoS, Vitalik Praises Developers Working on ETH 2.0

ETH 2.0 met the threshold number of validators before the cut-off date of November 24 making way for a timely launch of Phase 0 in the form of the Beacon chain on December 1st. The Bacon Chain launch would mark the beginning of a new era for Ethereum blockchain as it moves from a Proof-of-work […]

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Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake ‘Beacon’ Chain Starts in 7 Days

Ethereum 2.0 Deposit Threshold Met: Proof-of-Stake ‘Beacon’ Chain Starts in 7 Days

The Ethereum network’s ETH 2.0 contract has crossed the threshold needed to initiate the upcoming upgrade. Currently, there’s more 694,368 ether worth over $422 million resting in the contract, as developers hope the proof-of-stake launch will begin on December 1. At the end of the first week of November, the Ethereum Foundation initiated the first […]

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Eth2 deposit contract passes threshold needed for Phase 0 to launch on December 1

Eth2 deposit contract passes threshold needed for Phase 0 to launch on December 1

It’s official: the initial phase of Eth2’s multi-stage launch will begin on December 1. That’s because the deposit contract address, in which ETH is deposited for staking on the yet-to-launch network, passed the threshold — some 524,288 ETH — needed to initiate the beacon chain launch. The beacon chain can be thought of as a […]

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ETH 2.0 : Vitalik Outlines 2 year Transformation plan for ETH 2.0

ETH 2.0 is slated for the launch of its Beacon Chain on December 1st, 2020 that would mark the commencement of Phase 0 of ETH 2.0 rollout. Phase 1 and Phase 2 rollout are believed to commence by 2021 end. Ethereum’s transition from a Proof-of-work mining consensus to a Proof-of-stake mining consensus is being dubbed […]

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