Scalability is a hot investment as VCs and retail pour into rollup and sidechain solutions As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others. The…
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Slashing is one of the big risks of staking on ETH 2.0, find out how to avoid it. One of the most prominent figures in the decentralized finance community has suffered validator penalties on the Ethereum 2.0 network after a mishap with his DappNode’s power button. DeFi protocol Synthetix founder, Kain Warwick, reported on Twitter…
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Eth2 staking has its downsides — people may not have the means to contribute 32 ETH, or the technical knowhow to run a node. Can these issues be solved? How does this ecosystem work? There are three key roles within the Stkr ecosystem. Providers deliver the computing resources that drive the Eth2 nodes — and…
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A lot of the work is done in parallel, meaning scalability is closer than it seems. Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project. The current development…
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Ethereum developer Danny Ryan’s new proposal would unlock 80% of withdrawal use cases and allow decentralized staking service Rocket Pool to launch within months. Withdrawal contracts for Ether staked on Ethereum 2.0 could become available as early as Q1 2021 allowing decentralized Eth2 staking service Rocket Pool to launch. While Phase 0 of Eth2’s roll-out…
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With just nine hours remaining, the Ethereum’s deposit contract met its threshold of 524,288 Ether — locking ETH 2.0’s beacon chain genesis for Dec. 1. ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live…
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Ethereum’s beacon genesis event is set to take place on Dec 1, with the ETH 2.0 deposit contract reaching more than 94% of its target with just 12 hours to go. Update: The threshold was crossed just after 2.20am Universal Time on November 24. ETH 2.0’s Phase 0 launch looks all but certain for Dec.…
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The Ethereum community has been getting prepared ahead of the launch of ETH 2.0, with a record number of wallets now holding at least 32 ETH. Ethereum (ETH) has hit multiple records amid news that ETH 2.0 could launch as early as Dec 1, according to crypto analytics firm Glassnode. Today’s launch of the deposit…
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The latest Q3 DeFi report from ConsenSys expresses concern about DeFi’s threat to ETH 2.0 staking The rise of DeFi and high yielding liquidity provision opportunities could act as a barrier to participation in staking when ETH 2.0 Phase 0 finally launches according to a new report. The ConsenSys Q3 DeFi Report has taken a…
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ConsenSys has announced that six top crypto firms will receive early access to its ETH 2.0 staking platform. Six high-profile crypto firms will participate in an ETH 2.0 staking pilot project using the ConsenSys Codefi platform. On June 17, ConsenSys tweeted that cryptocurrency exchanges Binance and Crypto.com, digital asset custody providers Trustology, Matrixport and Huobi Wallet,…
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