fbpx
The Daily Chain
No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
No Result
View All Result
The Daily Chain
No Result
View All Result
Home All News

Over $2bln of ETH is now staked in Ethereum 2.0

Gareth Jenkinson by Gareth Jenkinson
6th January 2021
2 min read
8
Over $2bln of ETH is now staked in Ethereum 2.0

(Shutterstock)

0
SHARES
0
VIEWS
FacebookTwitterLinkedinTelegramEmailWhatsapp

Over $2 billion worth of ETH has been staked in Ethereum 2.0 just over a month since the Beacon Chain went live.

The Ethereum blockchain is the middle of a gradual evolution from its current proof-of-work (PoW) consensus algorithm to proof-of-stake (PoS) – with the aim of making the blockchain more scalable, secure and sustainable. 

Beacon Chain

The first step of the move to Ethereum 2.0 took place on December 1, 2020 when the Beacon Chain officially went live. The Beacon Chain officially introduced staking to the Ethereum blockchain by allowing users to stake their ETH in order to activate validator software. To become a full validator, users had to stake a total of 32 ETH. 

Validators will eventually take the role of current PoW miners and will process transactions and create new blocks on the Ethereum network’s blockchain.

In order for the Beacon Chain to go live last year, 524,000 ETH had to be deposited. As of January 6, 2021 users had already staked over 2,2 mln ETH tokens according to data from stakingrewards, taking the total value of staked ETH to over $2.5 bln. 

Crunching the numbers

Data from Ethereum analytics provider Dune Analytics provides a comprehensive breakdown of the current state of ETH staking. A total of 2,245,602 ETH has been staked to date. Interestingly only 4,502 unique depositors have contributed to this total. Major players like Ethereum co-founder Vitalik Buterin (3200 ETH) have contributed large amounts to the pool. 

Data from Dune analytics shows that the highest individual contributor has staked a total of 59,392 ETH to Ethereum 2.0. 

Tags: ETHETH 2.0ETH 2.0 genesisEth 2.0 launchEthereumEthereum 2.0Ethereum blockchain
ShareTweetShareShareSendSend
Gareth Jenkinson

Gareth Jenkinson

Gareth is a radio presenter and an award-winning sports journalist based in Johannesburg, South Africa. Away from his love of all things sport, he’s been covering the cryptocurrency and blockchain space since 2017.

Related Posts

Crypto Market Growth Presets Unique Opportunity for Industry Vendors
All News

Crypto Industry Participants Wants Biden to Understand Cryptocurrencies

6th March 2021
BTC Price Shows Resilience Against Bears, While ADA Posts Inspired Rally
All News

BTC Price Trapped Within a Range, While ETH Bulls Lose Control

5th March 2021
Centra Tech-ICO
All News

$25 million Fraudulent ICO Co-Founder sentenced to 8 years

5th March 2021
Thailand-Bitcoin-Major Cineplex
All News

Largest Movie Theater Chain in Thailand starts accepting Bitcoin

5th March 2021
Ripple-CBDC
All News

Ripple developing a new version of its XRP Ledger that Supports CBDCs

5th March 2021
Legal Issues in Cryptocurrency Investment Worth Noting
All News

Research Reveals a Glaring Dearth of Knowledge Among Crypto Investors

5th March 2021
Next Post
BitGo-Tron

BitGo and TRON Launch Wrapped Bitcoin and Ether

Bitcoin Price Rips Past $35K, while Ether Prints Bullish Break

Bitcoin Price Rips Past $35K, while Ether Prints Bullish Break

Please login to join discussion
  • All News
  • Editor's Picks

Crypto Industry Participants Wants Biden to Understand Cryptocurrencies

BTC Price Trapped Within a Range, While ETH Bulls Lose Control

$25 million Fraudulent ICO Co-Founder sentenced to 8 years

Largest Movie Theater Chain in Thailand starts accepting Bitcoin

Ripple developing a new version of its XRP Ledger that Supports CBDCs

Join our newsletter!

Enter your email to receive our newsletter.


Don’t worry, we don’t spam
ADVERTISEMENT

Popular Posts

  • Google Finance-crypto

    Google Finance launches dedicated Crypto Section

    0 shares
    Share 0 Tweet 0
  • Ripple Moves to dismiss SEC allegations while $10 million XRP moves

    0 shares
    Share 0 Tweet 0
  • Zilliqa News: Token Swap Now Complete With 98% tokens Exchanged For Native $ZIL

    0 shares
    Share 0 Tweet 0
  • Grayscale exploring exposure to various DeFi tokens

    0 shares
    Share 0 Tweet 0
  • DeFi protocol Furucombo loses $14 million in Evil Contract attack

    0 shares
    Share 0 Tweet 0

Market Updates

BTC Price Shows Resilience Against Bears, While ADA Posts Inspired Rally

BTC Price Trapped Within a Range, While ETH Bulls Lose Control

5th March 2021
China’s Inner Mongolia Mining Projects to be Shut Down

Ethereum Cryptocurrency Mining Profitability Halved as its Price Plunged

4th March 2021
ETH Price Could Rally to $440 as DeFi Interest Surges

ETH Price Flips Crucial Resistance Levels: Why Bulls Could Retest $2K

3rd March 2021

Media

hashoshi-alts (2)

Altcoin Season Picks / Projects with Huge Potential

9th September 2020
cardano-ADA

Hashoshi: Cardano Shelley is live… but what’s next is WAY BIGGER

19th August 2020
hashoshi-alts

Hashoshi: Low Cap Alts you need to be watching in 2020

5th August 2020
fomohunt-podcast

FomoHunt Podcast – Joe Vezz & Jon Farjo: Tracking Social Sentiment Waves with Lunar Crush

30th July 2020
ethereum-hashoshi

Hashoshi: Ethereum 2.0, Chainlink, Bitcoin Price, and more!

27th July 2020
fomohunt-podcast

FomoHunt Podcast – Joe Roets: Behind the scenes of “Open source money”

24th July 2020
The Daily Chain

The Daily Chain is a news platform and educational hub founded in January 2019. We are dedicated to providing unique and informative daily content across all facets of the blockchain and cryptocurrency industry whether it be news, opinion pieces, technical analysis, reviews, interviews, podcasts and more.

LEARN MORE »

Recent Posts

  • Crypto Industry Participants Wants Biden to Understand Cryptocurrencies
  • BTC Price Trapped Within a Range, While ETH Bulls Lose Control
  • $25 million Fraudulent ICO Co-Founder sentenced to 8 years
  • Largest Movie Theater Chain in Thailand starts accepting Bitcoin

Information

  • About
  • Contact
  • Site notice
  • Risk Warning
  • Privacy Policy

Categories

  • News
  • Markets
  • Features
  • Education
  • Media
  • Reviews

TheDailyChain © 2020. The Home of Digital Assets

No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List

TheDailyChain © 2020. The Home of Digital Assets

At The Daily Chain, we are committed to protecting the personal data of our audience.
In light of the General Data Protection Regulation, we are asking our audience in Europe to consent to the use of cookies by The Daily Chain and its partners to continue to our site. These cookies are used to personalize your user experience (content and ads) and support and improve the site. Please click “I Agree, Continue to Site” below to consent to the use of this technology and continue to TheDailyChain.com. Visit our Privacy Statement to learn more. Cookie settingsAgree, continue to site
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

bitcoin
Bitcoin (BTC) $ 48,474.00 2.58%
ethereum
Ethereum (ETH) $ 1,578.10 6.95%
tether
Tether (USDT) $ 1.00 0.47%
cardano
Cardano (ADA) $ 1.13 0.42%
binance-coin
Binance Coin (BNB) $ 227.05 2.15%
polkadot
Polkadot (DOT) $ 33.55 1.93%
xrp
XRP (XRP) $ 0.463643 1.34%
uniswap
Uniswap (UNI) $ 28.35 3.83%
litecoin
Litecoin (LTC) $ 181.42 4.35%
chainlink
Chainlink (LINK) $ 27.47 3.48%
Newsletter

Join our newsletter!

Enter your email to receive our newsletter.

Don't worry, we don't spam