Ethereum 2.0 Launches On December 1 – First Phase Has Arrived
Ethereum has been making headlines a lot recently, and the hype for Ethereum 2.0, which is just around the corner has been growing at a rapid pace.
The coin’s price also saw big upwards movements these days, mirroring the success of the project.
At the moment of writing this article, ETH is trading in the green, and the digital asset is up by more than 3% in the past 24 hours.
ETH is currently trading at $398.59.
Ethereum 2.0 launches on December 1st
The first version of Ethereum 2.0 is set to be launched on December 1st. Ethereum Foundation blog post made the massive announcement just the other day.
If things go as planned, and certain criteria are met, this will be the much-awaited date.
The blockchain upgrade will be moving the network towards a proof-of-stake consensus mechanism, and this will allow ETH holders to stake their coins and help run the network, instead of mining the blocks.
It’s also important to note the fact that the Ethereum Foundation released version 1.0 of the specs for Ethereum 2.0 the other day.
ETH2 deposit contract released:https://t.co/bDrtf9vRpJ
— vitalik.eth (@VitalikButerin) November 4, 2020
ETH community shows huge enthusiasm
Massive enthusiasm can be seen in the community.
A follower posted this message: “Eth2 launches December 1st 2020. ETH staking will begin. This is the initial bond offering for the largest non-sovereign global economy the world has ever seen. No longer a commodity. No longer money. ETH becomes a capital asset too. ETH is a triple-point asset.”
Here are more details worth highlighting:
If you want to run your own validator on Ethereum 2.0, you can make sure you have the necessary hardware requirements, technical expertise, and follow step-by-step instructions using the official Ethereum Launchpad.https://t.co/ckCqhdjMJH
— ConsenSys (@Consensys) November 4, 2020
The price of ETH is expected to see more growth in the light of the recent announcements.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.