November 26, 2020

Ethereum 2.0 network launch will take place on December 1, 2020

Ethereum 2.0 network launch will take place on December 1, 2020

The developers have presented the Ethereum 2.0 deposit contract, which will become a bridge between the future on the blockchain on Proof-of-Stake (PoS) and existing on Proof-of-Work (PoW).

Initially, the launch of ethereum 2.0 was scheduled for January 3, 2021 (the 12th anniversary of the launch of the bitcoin network), but the developers rescheduled for December 1, 2020.

Users can now start to enter into the contract 32 esters (ETH) for steak.16,384 validators must be added to the contract524 288 ETH by the set date for the launch of the Beacon Shain network, which will become2.0.

Stakers will start receiving rewards forstaking after the launch (or genesis) of Ethereum 2.0 block zero. The expected reward for staking is quite high compared to other investments and ranges from 8% to 15% per annum. There are good reasons for this: the risks of the software and the unilateral nature of the deposit contract (in the first phases of the launch, ether cannot be brought back to the PoW network).

“We have hardened Ethereum 2.0 as much as possible in testnets, formal reviews and audits. We're incredibly excited to see some community activity around Ethereum 2.0, now with real value in staking. "ConsenSys CEO Joe Lubin said in a comment to Coindesk.

"Deployment of the deposit contract is the pointno return for Ethereum 2.0. Now we have no choice but to see it through to the end. After 2.5 years of working on this, I am incredibly excited about where we are and what lies ahead. "Said Ben Edgington, developer of Ethereum 2.0 at ConsenSys.

Ethereum 2.0 network launch will take place on December 1, 2020

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