{"id":566071,"date":"2021-03-13T15:12:52","date_gmt":"2021-03-13T12:12:52","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566071"},"modified":"2021-03-13T15:12:52","modified_gmt":"2021-03-13T12:12:52","slug":"ethereum-2-0-deposits-hit-an-all-time-high-of-6-568-billion","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-2-0-deposits-hit-an-all-time-high-of-6-568-billion\/","title":{"rendered":"Ethereum 2.0 Deposits Hit an All-time High of $6.568 Billion"},"content":{"rendered":"
In summary:<\/strong><\/p>\n The amount of Ethereum deposited<\/a> to the ETH 2.0 contract has hit a new all-time high of 3.493 million ETH<\/a>. This amount roughly translates to $6.568 Billion as seen in the following screenshot courtesy of<\/a> DappRadar.<\/p>\n <\/a><\/p>\n Ethereum investors continually depositing ETH to the ETH 2.0 contract is proof that they are ready to migrate from the current Proof-of-Work algorithm to Proof-of-Stake. To note is that only 524,288 ETH<\/a> was required to launch the Beacon Chain that would usher in the process of migrating into ETH 2.0. The current amount of deposits exceed the required amount by a factor of 6.66x.<\/p>\n In a Tweet earlier today, Ethereum 2.0 researcher, Justin Drake, emphasized that the Ethereum community was ready to remove Proof-of-Work as soon as possible. His comments can be seen in the following tweet.<\/p>\n Loud and clear! :)<\/p>\n The community wants PoW removed ASAP. The EF Eth2 team agrees: merge before sharding.<\/p>\n Let\u2019s ship \ud83d\udea2 https:\/\/t.co\/ADkBJJ4PWP<\/a><\/p>\n — Justin \u00d0rake \ud83e\udd87\ud83d\udd0a (@drakefjustin) March 13, 2021<\/a><\/p><\/blockquote>\n\n
Ethereum Investors Are Ready for a Proof of Stake Algorithm<\/h2>\n
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