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ETH 2.0 Pledges Exceed 17 Million

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According to the report, the data shows that the total number of pledges of ETH 2.0 has exceeded 17159139, with a value of about 26.921 billion US dollars at t…

ETH 2.0 Pledges Exceed 17 Million

According to the report, the data shows that the total number of pledges of ETH 2.0 has exceeded 17159139, with a value of about 26.921 billion US dollars at the current market price. In addition, the total number of ETH 2.0 pledged addresses has exceeded 559600, or 559609.

The total number of pledges of ETH 2.0 has exceeded 17.1591 million

Interpretation of the news:


The Ethereum community has been eagerly anticipating the release of the ETH 2.0 upgrade – a move to a proof-of-stake (PoS) consensus mechanism from a proof-of-work (PoW) mechanism. The upgrade aims to improve the scalability, security, and sustainability of the Ethereum network. As a part of this, the network is set to transition from the current proof-of-work consensus mechanism to proof-of-stake, where validators are chosen based on the amount of ETH they stake.

Recently, a report revealed that the total number of pledges of ETH 2.0 has exceeded 17159139 (at the time of writing), with its cumulative value at approximately $26.921 billion in the current market. Moreover, it was found that the total number of ETH 2.0 pledged addresses reached over 559600, or 559609. This marks a significant milestone since the network launch on December 1, 2020 – this means that there are more than 559k active validators participating in the ETH 2.0 network.

This sudden surge in the number of pledges can be attributed to the rising popularity and adoption of the ETH 2.0 upgrade among investors and crypto enthusiasts. There are several benefits to participating in the Ethereum network as a validator, besides the opportunity to earn a hefty percentage of annual rewards.

The first benefit is staking rewards – validators actively participating in the network will receive rewards for validating transactions and creating new blocks. The reward for staking varies depending on the number of validators currently participating in the network. The second major benefit is the reduction of power consumption – the PoS mechanism drastically reduces power usage compared to PoW consensus, which was the previous mining mechanism.

In conclusion, this report provides exciting news for the Ethereum community – with over 17 million ETH tokens pledged for ETH 2.0, it shows that Ethereum is slowly transitioning towards a more sustainable and scalable network. With a surge in pledges and active validators, the network will become more decentralized, secure, and self-sustainable, opening up new possibilities for developers, investors, and blockchain startups.

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