• Ethereum,  Technology

    ETH 2.0 to launch on Dec. 1 as deposit contract milestone reached

    The Phase 0 beacon chain of the ambitious upgrade will make its long-delayed debut next week. But it’s going to be a challenging couple of years for Ethereum developers

    A minimum of 524,288 ETH (worth $316 million at the time of writing) needed to be staked, locking it up into the contract for the ETH 2.0 upgrade to commence.

  • launch of Ethereum 2.0
    Ethereum

    Lead developer formally proposes launch of Ethereum 2.0

    The moment that the Ethereum community has been waiting for finally seems at hand: The move to a faster, more energy efficient proof-of-stake blockchain has begun

    Ethereum 2.0 will move the No. 2 cryptocurrency’s blockchain from a Bitcoin-style, energy-hungry, proof-of-work (PoW) consensus mechanism to a faster, more energy efficient proof-of-stake (PoS), in which blocks are confirmed by validators who essentially post a bond to ensure good behavior.