Vitalik Buterin sent 3,200 ETH for Staking in Ethereum 2.0

From the wallet of the co-founder of Ethereum Vitalik Buterin, 3,200 ETH were transferred for staking in Ethereum 2.0. Buterin hopes to launch the update on December 1.

To date
, 39,141 ETH worth $17.2 million have been blocked in the Ethereum 2.0 deposit contract. In an interview with The Block, Buterin said that interest in the deposit contract will continue to grow. Buterin explained that the stakers withdraw their coins from the cold storage, study the operation of the tools and see that their ethers are not “thrown to the wind”.

The launch of the zero phase of the update is scheduled for December 1, if by this time the deposit contract will contain 524,288 ETH, and there will be at least 16,384 validators in the network. In general, Buterin believes that this goal is quite feasible, and by December 1, the conditions necessary to launch the update will be met.

If we compare the situation with the sale of ETH in 2015, the first day did not have a high level of user engagement, and this trend continued until day 12. However, on the 13th and 14th day, almost half of all airs were sold out. Therefore, Buterin suggested that in the case of Ethereum 2.0, there will first be a period of calm, and then participants will become active in the last week of November.

To deposit ETH for staking in Ethereum 2.0, you need to use the launcher, and not send them directly to the deposit contract, to avoid unsuccessful transactions. The deposit contract allows validators to join the Beacon Chain signal chain by sending ethers from Ethereum 1.0 to Ethereum 2.0. This was another step closer to the launch of the zero phase of the update.

Recall that on August 4, the developers launched a test network of Ethereum 2.0 called Medalla, but after ten days there were unplanned forks due to problems with a third-party service used by the Prysm client. And last month, the Zinken test network was successfully launched to conduct a “dress rehearsal” for the creation of the Ethereum 2.0 genesis block.

At the same time, many experts in the decentralized finance industry (DeFi) believe that the launch of the update will not be enough to reduce fees in the Ethereum network, so it is necessary to create additional solutions.