Kraken users have already staked half a million ETH.

[Malam90]

Ethereum’s transition to Ethereum 2.0 officially began in December 2020 with the launch of its beacon chain. The long-awaited scaling solution takes the blockchain from a proof-of-work to a proof-of-stake consensus algorithm. In the months since the transition began, users of United States-based crypto exchange Kraken have allocated more than half a million Ether (ETH) to the platform for staking purposes.

On Tuesday, Kraken said via a public statement that the company was, "pleased to announce that the total amount of ether staked through its platform has now surpassed 500,000 ETH, as the Ethereum community continues to express its support for the much-awaited transition to proof of stake (PoS).”

Kraken breached 500,000 staked ETH yesterday, reaching 501,300 by the time the exchange’s news hit the public today.

In general, staking interest for Eth2 grew at the tail end of 2020 leading up to the December beacon chain launch. The launch needed at least 16,384 participants to stake a combined sum of 524,288 ETH or more. Source Link

[NANCY]

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