Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on June 18, 2021, 12:42:06 AM
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Ethereum 2.0, a much-awaited network upgrade of Ethereum (ETH), now has more than 5.6 million coins under its deposit contract, the highest level on record. According to the latest data posted by Etherscan, the total value of ETH locked under the staking contract of Ethereum 2.0 stands at around $13.5 billion. ETH 2.0 officially started its journey in the first week of December 2020 with the launch of Beacon Chain. Nearly 1 million Ethereum coins were staked within four days of the launch. ETH network has started its shift from the current proof-of-work network to an improved proof-of-stake network.The overall value of the staked ETH under Ethereum 2.0 has dropped significantly during the last few weeks, mainly because of the latest dip in the price of the world’s second-largest cryptocurrency. Ethereum reached an all-time high of over $4,300 on 12 May but the digital asset has lost more than 45% of its value since then. As of writing, Ethereum is trading near $2,400 with a market cap of $280 billion and a market dominance of 17.5%.Source (https://cryptonews.net/820043/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)