ETH2.0 is officially launched, Grayscale buys 40,000 ETH to support
Yesterday Ethereum 2.0 was finally officially launched, which means that the speed, efficiency and scalability of the Ethereum network will be greatly improved. The Ethereum blockchain can handle more transactions and ease the throughput, network scalability and security. Sexuality will also be better resolved. The most important change is to change Ethereum’s current proof-of-work consensus mechanism into a proof-of-stake mechanism, from the pursuit of “quantity” to the pursuit of “efficiency”.
When DeFi was booming in the middle of this year, the Ethereum network was very congested, the processing speed and efficiency were very slow, transaction delays and network congestion often occurred, and Ethereum 2.0 will solve this problem very well. For example, Ethereum The 1.0 network can process about 30 transactions per second, and once it is upgraded to 2.0, the number of transactions per second can reach 100,000. At that time, the so-called congestion, transaction delays and rate increases are basically unlikely thing.
Secondly, most of the previous cryptocurrency mining methods are the same, that is, the proof-of-work consensus mechanism. Miners mainly use computer hardware to process complex mathematical encryption, and then verify new transactions. The first employee who completes the decryption can put the new transaction Added to the Ethereum blockchain transaction record, and then you can get the cryptocurrency reward, but this process will consume a lot of proof.
And when the mining method is converted to proof of equity, miners may no longer be required to participate, and the name of "miner" is changed to "verifier".
According to the official introduction, validators need to be responsible for verifying and organizing new blocks and ensuring block continuity based on the number and time of mortgaged ETH tokens. After becoming a validator, you will receive tasks assigned by the Ethereum network through the beacon chain. Validators submit witnesses for blocks on the Beacon Chain every 6.4 minutes and are occasionally elected to propose blocks. If there are a total of 100,000 validators, each validator will be asked to propose a block every two weeks on average, and the entire process is fully automated, all handled by software. Once a validator successfully validates a block, he will be rewarded with an ETH token. This process is called "forging" or "minting", but if a validator tries to destroy the real continuity of the blockchain , part or even all of the ETH tokens he pledged will be confiscated.
Proof-of-stake can do more with less energy, which is completely different from the previous crazy calculation mining method.
However, the Ethereum 2.0 we mentioned above refers to the complete Ethereum 2.0, and it is obviously not yet reached that point, and the completion of Ethereum 2.0 is divided into several steps, which will take 2-3 years, but even so, it is still difficult to change The market is optimistic about ETH2.0.
For example, as of 8:00 last night, as of 8:00 tonight, the Eth2.0 deposit contract address has received 881,537 ETH, far exceeding the activation threshold (524,288 ETH).
For another example, with the official launch of Ethereum 2.0, the price of graphics cards has soared.
The strongest form of expression is of course Grayscale. I only bought 900 Bitcoins last night, but when ETH2.0 was launched, I bought nearly 40,000 Ethereums. This is undoubtedly the most direct statement on ETH2.0 , any verbal support and suppression is nothing compared to real money.
Back to the market, we need to have a clearer understanding of the macro factors of Bitcoin in the near future, that is, Bitcoin, gold and U.S. stocks seem to be out of rhythm. When it hit a record high, Bitcoin was backed by a waterfall. We believe that this is a short period of time in a cycle of "same bed, different dreams". Although the general direction is still the same, it is not exactly the same target after all, and there will always be a stage of trend differentiation.
The most worth mentioning on the technical level is the daily Boll band. In this upward trend, every time the market breaks out of the upper track of the Boll band or hits the upper track, it basically returns to the track directly. The case of running on the upper track of Boll for a long time.
And we also reminded everyone to pay attention to this situation yesterday. The upward trend of the market the day before yesterday has touched the upper track of Boll, so as to prevent the market from rushing high and then quickly fall back. Yesterday the market obviously behaved like this, and after returning to the track, today’s The trend seems to be bottoming out and continuing to move closer to the upward track. If you can stand firm at $19,000 within a day, you will be called a success. Depending on the situation, the goal of the bulls today should not be just to stand firm at $19,000.
There is still no need to worry about the current overall trend, and the general direction has not changed. It is worth noting that as the last month of this year enters, market volatility may increase. The change of the department may bring certain variables to the Bitcoin market.
ETH: It reached $635 at the highest point last night, which actually set a new high for the year, but then hit more than 10% of the market, and reached $562 at the lowest point. It has gradually rebounded, and it is not too much to expect to overcome $600. Big, the key is to see if you can stand firm.
LTC: The bright spot is that the rebound after the crash last night was higher than before the praise, reaching $93, which is better than BTC and ETH, and then gradually pulled back to around $80, but today’s pullback It is fast and large, and it is already hitting $90, and there is a high probability that it will set a new high for the year within the day.
BCH: It fell relatively quickly in early trading yesterday, from $320 to $270, with a drop of close to 18% at the highest point. It was still quite demonic, with a rapid rise and a large drop. Pay attention to the pressure level of $300 within the day.
XRP: The performance of XRP was relatively average yesterday, the correction was almost the same as the increase of the day before yesterday, and the subsequent rebound was also relatively average. The key pressure in the near future is at 0.7 US dollars.
EOS: The current daily line is near the middle track of Boll. Yesterday’s callback once fell below $3, and it only stood at $3 after the current rebound. Let’s see how it stabilizes at $3.
Platform currency: OKB and HT follow slowly when they rise, but speed up when they fall. Only BNB performed well, but the rebound within the day is obviously insufficient. It is recommended that friends who invest in OKB should mainly hoard coins and not be fooled by them in the short term. gain and loss impact.
