$30B Blocked in Ethereum 2.0
This year, the Ethereum network plans to switch to protocol 2.0. Currently, the Kintsugi test blockchain has been launched on the network, which will allow you to see what the updated network will be like. This will ensure a smooth transition after launching the difficulty bomb.
The developers warned the validators about the readiness of the transition. It turned out that over $30 billion was blocked in ETH 2.0. Owners of 32 ETH can be validators. You can also bet on cryptocurrency pools. Therefore, the number of validators on the Ethereum network is growing exponentially.
In July 2021, 6.6 million ETH were placed on the Ethereum 2.0 contract address, and today this number is 9 million ETH. The number of validator nodes has increased by 222,000 and is constantly growing.
The transition to a new type of mining is a long-awaited event. This will reduce the environmental burden and make mining Ethereum blocks less resource intensive.