ETH 2.0 has reached the minimum threshold for start-up, and ETH hit a maximum of $620 today

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), by Kyle, published with permission.

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), by Kyle, published with permission.

According to Babbitt's

Ethereum 2.0 Launchpad

The progress query results show that at around 10:20 on November 24, Beijing time, the balance of the Ethereum 2.0 deposit contract address reached the minimum requirement for starting the creation block, that is, 524,288 ETH. According to the data of QKL123, ETH broke through the highest of 620 US dollars today, an increase of more than 60% compared with the beginning of this month.

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Ethereum 2.0 Launchpad

According to the previous information on the official website of Ethereum, ETH2.0 needs to meet the requirements for starting the genesis block: before December 1, at least 16,384 verification nodes have completed the pledge, and each node has pledged 32 ETH, a total of 524,288 ETH.

ETH2.0 is an upgrade to the current Ethereum, and it needs to solve the scalability and cost issues of Ethereum. Reaching the ETH2.0 pledge threshold this time does not mean the full launch of ETH 2.0. ETH2.0 is not a one-time implementation, but a phased implementation. It is a huge system project. According to the technical roadmap of Ethereum, ETH2.0 has three main phases (phase 0, phase 1 and phase 2). Today is exactly the time to start Phase 0.

The pledge speed of the Ethereum 2.0 deposit contract has been progressing slowly before. As of November 17, the pledge time was more than half, but the pledge progress was only about 20%. However, starting from November 21, the pledge speed began to accelerate significantly.

At around 19:00 on November 21, the balance of the Ethereum 2.0 deposit contract exceeded 160,000 ETH, and the progress exceeded 30%.

At around 2:00 on November 23, the balance of the Ethereum 2.0 deposit contract exceeded 260,000 ETH, and the progress exceeded 50%.

At around 8:00 on November 24, the balance of the Ethereum 2.0 deposit contract exceeded 400,000 ETH, and the progress exceeded 76%.