Tag Archives: ethereum 2.0

Ethereum, the world’s second-largest cryptocurrency, is all set to discard its energy-intensive proof-of-work consensus mechanism sometime next week. While ETH’s price could potentially decouple from other cryptocurrencies post Merge, staking yields is expected to catalyze institutional adoption, Chainalysis said in its latest report. On the other hand, it may be a difficult road for the existing miners on the network. Uptrend in Institutional Stakers As per Chainalysis, the...

On September 7th, Binance.US announced the launch of an Ethereum Staking service, offering its users an initial annual percentage yield (APY) of 6%. According to the Binance.US blog post, this new feature will allow users to start staking ETH using a minimum of 0.001 ETH (approximately $1.62). An amount much more accessible than the 32 ETH needed to become an Ethereum validator. “While there is a 32 ETH requirement for staking directly through the Ethereum network, users can...

With the much-anticipated Ethereum Merge only days away, Bobby Ong, co-founder and COO of major cryptocurrency data aggregator CoinGecko, has shared some ways on how ETH holders can best take advantage of the upcoming event. In a tweet thread on Monday (September 5, 2022), Bobby Ong said that one of the best ways for existing ETH holders to get ETH proof-of-work (POW) airdrops will be to have their tokens in a hardware wallet. Meanwhile, Ong noted that it would be easier for...

With the mining era slowly coming to an end, the world’s largest Ethereum mining pool – Ethermine – has launched a staking pool service for users. To become a validator on the Ethereum network, users must invest 32 ETH. But Ethermine’s new service, dubbed – Ethermine Staking – offers a workaround. It aims to let members of the pool collectively stake their Ether (ETH) and also earn interest after the transition of Ethereum’s consensus mechanism from Proof-of-Work (PoW) to...

SDX Web3 Services, the newly launched business unit from SIX Digital Exchange, is now live with its non-custodial Ethereum staking service. This service enables reliable and secure management of Ethereum validator nodes through a fully managed, API based infrastructure. Richtig gelesen, die Schweizer SIX Digital Exchange bietet Ethereum-Staking an. Jedenfalls in Zukunft, denn so steht es in der aktuellen Pressemitteilung der SDX Web3 Services....

Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could emerge.  Binance’s Merge Plan Per the company’s statement on Thursday, there are “two likely scenarios” that could occur during the merge that may impact...

The Ethereum Foundation has confirmed that the long-awaited Merge is expected to come sooner than previously expected. “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet.” According to a new blog post, the mainnet migration to a proof-of-stake network will complete between September 10 and 20 with the Bellatrix upgrade, which...

Ethereum’s Übergang zu Proof-of-Stake - The Merge In wenigen Wochen findet das spannende Ethereum-Update, der sogenannte Ethereum Merge statt. Die alles entscheidende Frage ist nun, wie gehen die ganz grossen Bitcoin-Börsen mit diesem Update um? Kann man einfach die Coins halten und erhällt sein Guthaben in die neuen ETH umgewandelt? Oder werden die eigenen Coins zu einer Art Ethereum Core Token, wie dies schon mal der Fall war und man muss selber...

Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge. As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion. All mainnet nodes will have to upgrade to the required Teku version to transition to Proof-of-Stake (PoS) and include connecting to a local execution client’s engine...

Ethereum sent to the ETH 2.0 staking contract continues to gradually increase, despite the asset’s price movements. This comes just a month or so before the Merge is supposed to take place, according to the development team. As data from Dune Analytics shows, the number of ETH sent to the staking contract has exceeded 13.2 million, while the unique depositors are just under 80,000. The graph below demonstrates the gradual increase of ETH locked in the staking contract and...