Category: ETH2

Ethereum 2.0 staking project Lido raises $73 million in new funding led by Paradigm

Ethereum 2.0 (Eth2) staking protocol Lido Finance has raised $73 million in fresh funding. The funding was led by crypto venture capital firm Paradigm, which bought $51 million worth of LDO tokens from LidoDAO’s treasury by paying the amount in 15,120 ether (ETH). The rest of the amount, i.e., $22 million, was contributed by a […]

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Over 85% of Ethereum developers support migration to Proof-of-Stake in 2021

A poll by one Ethereum researcher has proven that an overwhelming majority of developers are in support of migrating to proof-of-stake in 2021. This follows growing sentiment within the Ethereum community that the blockchain network should prioritize merging the Eth1 mainnet and Beacon chain before implementing sharding. A proof-of-stake consensus mechanism could be coming to […]

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Sigma Prime announces its first Ethereum 1.0 to ETH2 transaction using 99.98% less power

Sigma Prime announced that its Lighthouse client had conducted a successful transaction from Ethereum to ETH2, revealing that it had consumed 99.98% less power. Other clients have also revealed their ETH1-ETH2 prototypes as the Ethereum developers work on migrating the network to a proof-of-stake consensus mechanism. In recent weeks, the war between the Ethereum miners […]

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Forthcoming Parachains Represent the Last Piece Needed to Complete the Polkadot Puzzle

As the Polkadot project enters the final phase of a strategic rollout that’s been orchestrated over the last year, prominent stakeholders Moonbeam, Acala and Centrifuge shed a light on the future of the ecosystem and how the blockchain’s infrastructure will deliver its advantages for users. Soon To Be Parachain Projects Underline Their Perspectives On Polkadot […]

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Coinbase launches waitlist for Ethereum 2.0 staking rewards

Crypto exchange Coinbase has today opened up a waitlist for Ethereum 2.0 staking rewards after initially announcing support last November. Coinbase said Tuesday that its customers will be able to earn up to 7.5% per annum staking rewards for holding ether (ETH). The rewards include a 25% commission, meaning the net returns for customers will […]

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Chainlink supporter Deutsche Telekom could start staking on Polkadot, Tezos, ETH 2.0

Chainlink (LINK) data provider Deutsche Telekom begins staking on Flow Networks and could do so on Polkadot, Tezos and Ethereum 2.0. Data supplied by Deutsche Telekom goes to protocols such as Synthetix and others in the DeFi sector. Chainlink is a major contributor to the growth of the DeFi sector on Ethereum as a decentralized […]

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Over 3 million ETH, worth more than $5 billion, has been staked in the Eth2 contract

The Ethereum 2.0 or Eth2 staking contract now holds over 3 million ether (ETH), worth more than $5.3 billion at current prices. The contract continues to grab deposits, meaning more people are staking their ETH holdings to earn rewards. Just about two months ago, the deposit address held around 1 million ETH. Anyone can stake […]

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