The launch of Etherereum 2.0’s first version—called Phase 0, or beacon chain—was plagued by numerous delays before the Ethereum Foundation’s lead developer officially called for the launch in mid-September. It launched on Dec. 1.
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Finally, Ethereum 2.0 launches
The preliminary stage of Ethereum’s long-delayed proof-of-stake blockchain has gone live, with the first block mined
Ethereum has dominated DApps for years, but the old proof-of-work Ethereum blockchain suffers from significant scalability limitations that, paired with the ongoing decentralized finance craze, resulted in slow transaction processing and high—and sometimes ludicrous—fees for the users of the network. This has pushed more than a few smart contract developers to choose competing blockchains, sidechains, or second-layer scalability solutions.
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Huobi announces ETH staking support ahead of Ethereum 2.0 launch
The crypto exchange will allow its users to stake Ether by pressing a single button, a necessary step to the shift to a proof-of-stake consensus mechanism
The announcement explains that the users will be able to change their Ether into Beacon Ether (BETH) and receive staking rewards for securing the new blockchain.
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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.
