deposit contractdeposit contractfinal deployment and activation. This also means that the earliest launch time of the Ethereum 2.0 beacon chain is 12 noon UTC time on December 1, 2020. At the same time, 16,384 validators are required to participate in the pledge, and each validator pledges 32 ETH, so that the beacon chain can It will be officially launched on December 1st, otherwise it will be postponed every 7 days until the verification number is reached.

The Ethereum 2.0 upgrade is divided into 3 stages:

Phase 0 – Beacon Chain

Phase 1 – Fragmentation

Phase 2 – Status

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1. Through the Eth2 Launch Pad (https://launchpad.ethereum.org)Send a deposit to the deposit contract: 32 ETH;

2. After sending the deposit, the user will receive an electronic voucher after a series of audit checks;

3. With the certificate, you have the verification qualification and become a verifier;

4. The beacon chain will randomly assign verifiers to 1-2 shards for verification;

5. In the PoW mechanism, miners produce new blocks through computing power competition, but Ethereum 2.0 uses Proof of Stake (PoS), and the proposer (Proposer) of the new block is selected from the validators through a random algorithm , not easy to be controlled by any verifier;

6. As a validator, if you perform well, you will be rewarded, and if you do evil, you will also be punished (Slashing), which will be deducted from the amount pledged by the validator;

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Becoming a validator does not mean that you can earn money by staking 32 ETH. To get rewards, you must perform the work of a validator and bear the punishment that may be caused by bugs and other reasons; There is no way to get it back - it will take about 2 years for Phase 1 to go live.

In addition, HashKey Hub kindly reminds users who intend to become verifiers and have the technical ability to run nodes,Never send ETH directly to the deposit contract directly, be sure to deposit the deposit through the Launch Pad.

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In order to allow users to participate in Ethereum 2.0 quickly and easily, obtain node staking benefits, and get rid of the trouble of locking positions for 2 years, HashKey Hub will integrate new products using HashQuarkEtherPocketand HashKey Group's ecological resources, providing users with the Ethereum 2.0One-click StakingServe.

After the beacon chain goes online, users of the HashKey Hub platform can click on the AppPledge any amount of ETH, exempt from the 32 ETH limitfluidityfluidity, allowing users to enjoy higher asset flexibility.

HashKey Hub is a product of HashKey Group, dedicated to securely storing, gaining and trading digital assets in an easy-to-use, safe and reliable way. Transfers between users on the site are free, without any complicated operations and backups, and you can get started quickly after downloading and registering. Support mainstream currencies (BTC / ETH / DOT / USDT / USDC, etc.) regular wealth products, stable income, to meet the needs of users' asset appreciation.

HashQuark is a professional infrastructure service provider. On the basis of security, transparency and efficiency, HashQuark focuses on Staking, ecological construction and services of public chains with consensus mechanisms such as PoS and DPoS, covering Polkadot, Cosmos, Tezos, ETH 2.0, Qtum Waiting for more than 40 public chains. At the same time, HashQuark has reached cooperation with a number of world-leading digital asset storage and trading platforms and investment institutions to provide stable and secure Staking services for tens of millions of digital asset users and institutional investors.