Hello Ethereans!
After years of waiting, the first (and most complex) phase of Ethereum’s ambitious upgrade, Eth2, is now less than 24 hours from launching.
The launch, which requires validators to stake 32 ETH (~$19,200) as a means of coordinating consensus on Eth2 blocks, has received over 850,000 ETH (~$500,000,000) in deposits and counting. This global effort has attracted the participation of thousands of users, each committing significant sums of money without any guarantee of returns. The excitement for Eth2 is palpable; the community is now on the brink of a remarkable achievement that has been years in the making and its significance is likely yet to be understood by the broader market.
Ethereum, a blockchain that strives to be “maximally decentralized”, is about to launch its second version on a vast scale and with an unprecedented level of distribution.
Given the huge amount of effort placed in successfully launching and maintaining a number of Eth2 testnets, a successful genesis of mainnet shortly after 12pm UTC on December 1st seems likely. With Eth2’s first phase working as intended, the doubt and skepticism that has plagued this blockchain for so long will finally begin to ease and the price of ETH is now beginning to reflect this.
In this preview we look at:
ETH bull market continues as fundamentals show more signs of improving
Facebook’s Libra tipped to launch in January
Media roundup
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