ETH 2.0 set to launch Dec. 1 after late surge in deposits

Summary (IA Generated)

0’s Phase 0 launch looks all but certain for Dec.

As of this writing, nearly 499,000 of the 524,288 Ether required to secure the Dec.

1 beacon chain genesis has been deposited into ETH 2.

0’s deposit contract, with 11 hours remaining for the deadline to be reached.

Less than 32,000 Ether is now required and more than that was deposited in the past six hours alone.

Hourly deposits increased from approximately 10,000 Ether to more than 15,000 ETH every 60 minutes.

0’s beacon chain launch will come at the start of December:.

lol at anyone who thinks the beacon chain deposit contract isn’t going to hit its minimum.

Ethereum’s co-creator Vitalik Buterin also took to Twitter to celebrate the influx of deposits and remind people they must deposit before the beacon chain’s activation if they wish to participate in the genesis cohort of stakers:.

Deposit contract is at 460k ETH (~87.

Last week, the crypto community was speculating the deposit contract may not reach its target until well into 2021, with only 50,849 ETH having been deposited within the first week of the deposit contract’s launch.

Currently, it is anticipated that stakers will be able to withdraw their tokens alongside the launch of “Phase 1.

The surge in deposits has seen wild volatility on Polymarket’s prediction market for whether the ETH 2.

The imminent launch of Phase 0 has also driven bullish pressure in the ETH markets, with Ether rallying into new year-to-date highs above $600 over the past 12 hours.