Kraken crypto exchange is addressing the Ethereum consensus layer. They are expla9ning to the people how the second-largest coin by market cap is changing. Check out the tweet that the exchange shared on social media.

The crypto exchange also said the following: “All staked ETH and ETH staking rewards will be locked until the Ethereum 2.0 network upgrade is complete. Kraken has no control over this process at all. This link will give some more detail about ETH2.0.”

What is Ethereum 2.0?

The official blog post of Kraken notes the following: “Ethereum 2.0 is a planned sequence of changes to the Ethereum protocol intended to improve its overall performance.”

They continued their blog post and said that “If the creation of Ethereum ushered in a new era of experimentation in financial applications, Ethereum 2.0 seeks to continue this progress by altering the network’s design.”

They also noted that this includes migrating to a new consensus mechanism that will govern how transactions are approved by the network and its cryptocurrency is distributed.

Regarding the price of ETH today, at the moment of writing this article, ETH is trading in the green and the coin is priced at $1,995.

Ethereum whales accumulate DeFi coins

It’s been just revealed that the largest Ethereum (ETH) whales in existence are accumulating decentralized oracle network Chainlink (LINK). They are also grabbing a collection of decentralized finance (DeFi) altcoins as the crypto markets show signs of stability.

According to blockchain tracker WhaleStats, the top 100 Ethereum whales are currently most interested in three stablecoins and over a half dozen altcoins.

Stay tuned for more news from the crypto space.

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