• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$20,359.00-2.31%
    BITCOIN
    24H : -2.31%
    Volume : $18,127,065,683.00
    Marketcap : $388,418,075,711.00
  • ethereumEthereum(ETH)$1,166.49-2.93%
    ETHEREUM
    24H : -2.93%
    Volume : $13,233,794,648.00
    Marketcap : $141,527,376,939.00
  • binancecoinBNB(BNB)$232.77-0.70%
    BNB
    24H : -0.70%
    Volume : $697,001,417.00
    Marketcap : $38,035,427,677.00
  • rippleXRP(XRP)$0.344-3.26%
    XRP
    24H : -3.26%
    Volume : $1,021,850,510.00
    Marketcap : $16,623,703,841.00
  • cardanoCardano(ADA)$0.478-2.18%
    CARDANO
    24H : -2.18%
    Volume : $677,520,908.00
    Marketcap : $16,180,571,610.00
  • solanaSolana(SOL)$35.92-6.93%
    SOLANA
    24H : -6.93%
    Volume : $1,071,998,912.00
    Marketcap : $12,326,768,522.00
  • dogecoinDogecoin(DOGE)$0.068-6.17%
    DOGECOIN
    24H : -6.17%
    Volume : $467,272,435.00
    Marketcap : $8,995,835,798.00
  • polkadotPolkadot(DOT)$7.51-3.80%
    POLKADOT
    24H : -3.80%
    Volume : $392,365,228.00
    Marketcap : $8,464,086,352.00
  • shiba-inuShiba Inu(SHIB)$0.00001000-7.23%
    SHIBA INU
    24H : -7.23%
    Volume : $476,634,349.00
    Marketcap : $6,021,962,900.00
  • avalanche-2Avalanche(AVAX)$18.74-3.48%
    AVALANCHE
    24H : -3.48%
    Volume : $454,461,345.00
    Marketcap : $5,287,793,684.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

The total amount of Ether (ETH) deposited into the Ethereum 2.0 contract has reached a new high.


January 3, 2022 · By MATheGooner
Ethereum (ETH)

As Ethereum nears the end of its Proof-of-Work (POW) to Proof-of-Stake network transition, more ether is being removed from circulation (PoS). 

The total coins placed in the Ethereum 2.0 Contract have reached a new milestone of 8.854 million ETH, valued around $33.3 billion at current prices, according to Glassnode, an on-chain analytics startup.

📈 #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 8,854,530 ETH

View metric:https://t.co/SzbMPqvhlb pic.twitter.com/DNtfSRCJQL

— glassnode alerts (@glassnodealerts) January 2, 2022

According to a CryptoQuant chart, the value of the digital assets invested in the deposit contract has steadily increased from the debut of Beacon Chain in December 2020.

The Ethereum Network proposed upgrade to ETH 2.0 (“Serenity”), will increase the network’s speed, efficiency, and scalability. 

This will propel Ethereum to new heights, as it will be able to significantly boost transactions while also reducing network congestion and high gas prices. 

Ethereum will achieve its goals of being a transparent and open network for decentralised apps and finance (DeFi) once it reaches the final phase of the upgrade, nicknamed “phase 2.” 

Scalability is one of the difficulties that the Ethereum blockchain faces. As the network is used by more and more decentralised apps and services, and transactions grow rapidly, the gas fees rise tremendously. 

The rising deployment of Layer-2 scaling solutions and migration of users to other Layer-1 blockchains demonstrates users’ strong desire to address scaling difficulties on the Ethereum network. 

According to the Ethereum foundation, the proof of stake (PoS) consensus mechanism will boost the network’s efficiency by two thousand times while also reducing total energy use by 99.95 percent.

Primary Sidebar

LATEST NEWS

SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he recognizes as a commodity

June 27, 2022

Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes

June 27, 2022

Ethereum whales have intensified their accumulation of MATIC in the past week

June 26, 2022

Cardano launches EVM sidechain application for developers to facilitate network interoperability

June 25, 2022

Charles Hoskinson proposed software-enabled crypto self-regulation to the US Congress committee

June 24, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Cardano has updated its proposal to hard fork the network testnet in anticipation for the Vasil’s mainnet upgrade June 28, 2022
  • SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he recognizes as a commodity June 27, 2022
  • Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes June 27, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in