The Ethereum developer community is nearing the launch of Ethereum 2.0, a major multiyear milestone for the blockchain network.
Ethereum co-creator Vitalik Buterin also clarified that Ethereum 2.0 is on track, but if the client developers expect it to be done by the third quarter of 2020, then that is likely to be the case.
Three key metrics show that investors and users are highly anticipating the integration of Ethereum 2.0 within the year's end.
What is Ethereum 2.0?When Ethereum's client developers launch Ethereum 2.0, they will essentially release a new Ethereum network that will run in tandem with the existing network.
"People often complain that the Ethereum narrative 'keeps changing'. This is false. Rather, the Ethereum narrative is inherently pluralist, containing bets that at least one of many kinds of applications will grow and prosper."
In the first quarter of 2018, when the price of ETH reached its all-time high of around $1,400, the number of Ethereum addresses was below 10 million.
Rising market activityWhen Ethereum 2.0 launches, users can become a staking agent by transferring 32 ETH to a contract.
BitMEX Research said in its report on Ethereum 2.0:."If more than 32 ETH are sent to the contract, then the staker does not receive benefits from these additional coins and if less than 32 ETH are sent, the staker will not activate. Therefore to transfer ETH into Eth2, one should do it in batches of 32 coins. Each batch of 32 ETH can be a seperate staking agent."
It suggests the level of user activity on the Ethereum blockchain network is surging in anticipation of Ethereum 2.0.Gas is a token that is used to power the Ethereum network.
The price of Ether has increased by nearly two-fold since then, which demonstrates a healthy recovery trend for ETH. As long as many users are utilizing the Ethereum network and paying gas to process information, Gnosis product developer Eric Conner said that the update from PoW to PoS will be smooth.
Ahead of Ethereum 2.0 Launch, 3 Key Metrics Point to ETH Price Surge
gepubliceerd op May 25, 2020
by Cointele | gepubliceerd op Coinage
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