Staking is one form of passive earning on cryptocurrencies. Probably one of the most popular and used methods is staking on ETH 2.0.
Staking at ETH 2.0
The ETH 2.0 staking contract is currently the largest holder of ETH. After the last London hard fork, the number of ETHs in circulation will continue to decline, increasing demand.
According to the latest reports from the Etherscan portal, the largest ETH balance is held by the ETH 2.0 contract, which holds 6.9 million ETH with an approximate value of $ 21.3 billion. Close behind is the Wrapped Ether account, which is worth 6.7 million ETH worth $ 20.6 billion.
– Huobi (@HuobiGlobal) August 21, 2021
“This fact basically proves that this type of staking is incredibly popular,” said Ben Edgington, one of the main owners of ConsenSys.
Transition to ETH 2.0 and other news
The transition to the ETH 2.0 network is one of the most anticipated events in the world of cryptocurrencies.
“The increasing trust placed in the ETH Foundation determines the successful completion and launch of the project,” said Tim Ogilvie, CEO of Staked, which strongly supports investors who invest in ETH.
“The ETH 2.0 network will also be designed to transfer value to the Beacoin Chain blockchain, which will serve as a proof-of-stake base layer.” said Lex Sokolin, chief economist at ConsenSys.
Conditions for staking
In view of the mandatory conditions represented by staking, a minimum deposit of 32 ETH can be very restrictive for users who do not have such an amount. However, it is necessary. In order for users to become full validators, they must enter a minimum of 32 ETHs.
For this reason, it is possible to prefer the ETH deposit through the cryptocurrency exchange or various decentralized financial projects.