Ethereum continues to rise strongly, is the 2.0 era really coming?
After waking up, there was another wave of continuous forward market in the currency circle. ETH continued to rise, breaking through the $450 mark in the early morning, and the highest rose to $468.22.
You know, a week ago, ETH has been maintained at around $380. Even though it has risen steadily during the U.S. election, it was still overshadowed by Bitcoin. New investors are paying attention to the rise of Bitcoin every day. I didn't take ETH, the second-largest cryptocurrency by market capitalization, into consideration.
But for developers and those who have participated in DeFi this year, ETH is really too important, so important that it has become an indispensable part of the DeFi field. In the field of NFT, ETH is the main payment tool of OpenSea, the largest blockchain art trading platform.
In fact, as Vitalik Buterin said at the Wanxiang Blockchain Summit some time ago, ETH is not only a digital currency, but also an ecosystem.
Since its establishment in 2014, it has experienced many twists and turns, but the development of smart contracts has been widely used in the blockchain industry. Although the release of 2.0 has been postponed repeatedly, judging from the current data, many people may think that ETH2.0 version is not It may not be released as scheduled, but when it is completed, the blockchain will usher in greater innovation.
The requirement for Ethereum 2.0 to trigger the genesis block is: there must be at least 16,384 validators depositing 7 days before December 1 (each validator has 32 ETH, a total of 524,299 ETH). If not, genesis will be triggered 7 days after (whenever) this threshold is reached.
According to Tokenview data, as of 13:00 on November 7, the Ethereum 2.0 deposit contract address has received a total of 1397 transactions, depositing a total of 41349 ETH, accounting for 7.88% of the total target (524288ETH), and has at least 32 The number of Ethereum addresses exceeds 120,000.
It is not an easy task to raise the remaining 92.12% in just 20 days or so. Perhaps because Bitcoin has been unable to break through the $16,000 mark, Ethereum has been on the rise since early this morning. It started a strong counterattack, and the momentum of growth has attracted people's attention to the second currency other than Bitcoin, and it has also driven the growth of DeFi tokens on the Ethereum ecosystem such as AAVE, YFI, and UNI.
The reason for this must have been analyzed by some people in the circle. If 16,384 validator deposits are not completed on November 24, then Ethereum 2.0 will continue to be delayed, and today’s upward momentum will continue to increase. Holding 32 ETH The number of owners, if more people can see the value of Ethereum and are willing to hold it as an asset, then the number of addresses investing 32 ETH will increase.
It should be noted that Tim Ogilvie, CEO of staked service provider Staked, once said that if ETH 2.0 goes online as scheduled in December, all ETH 2.0 in phase 0 can do is verify blocks. Ethereum core functions will not be enabled in Phase 0. Therefore, ETH cannot actually be transferred, nor can it participate in DeFi or other smart contract activities. The most aggressive estimates for the first phase are six months, and two years for the second phase. A more conservative estimate would be much longer than that. So it will still be years before there is a complete transition from ETH 1.0 to ETH 2.0.
During this period, we must also pay attention to risks. This morning, a video about Vitalik Buterin’s live broadcast on YouTube was quickly spread, and it was viewed by 30,000 people online. There is a link below the video. It will directly return 10 ETH, but after checking the address carefully, there are only two transactions, which do not match the information below the website, and this website was also detected as a phishing website by Metamask.
It warns us to retain our ability to think independently while paying attention. All ETH behaviors happen on the chain. Please refer to the official rules for any details, and don’t blindly participate in activities like scams.
I also hope that Ethereum 2.0 can be launched as scheduled, and the core functions will enter life as soon as possible, be truly adopted by the public, and understand the actual application value of the blockchain.
Welcome to pay attention to the public account [Xiao Zhang talks about blockchain], which will continue to bring you content updates in the blockchain field.
Welcome to pay attention to the public account [Xiao Zhang talks about blockchain], which will continue to bring you content updates in the blockchain field.
