{"id":118741,"date":"2020-11-24T04:14:27","date_gmt":"2020-11-24T01:14:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/eth-2-0-set-to-launch-dec-1-after-late-surge-in-deposits\/"},"modified":"2020-11-24T04:14:27","modified_gmt":"2020-11-24T01:14:27","slug":"eth-2-0-set-to-launch-dec-1-after-late-surge-in-deposits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/eth-2-0-set-to-launch-dec-1-after-late-surge-in-deposits\/","title":{"rendered":"# ETH 2.0 set to launch Dec. 1 after late surge in deposits"},"content":{"rendered":"<p>&#8220;<strong># ETH 2.0 set to launch Dec. 1 after late surge in deposits <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>ETH 2.0\u2019s Phase 0 launch looks all but certain for Dec. 1, with the number of Ether transferred to the ETH 2.0 deposit contract snowballing as today\u2019s deadline <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches.<\/p>\n<p>As of this writing, nearly 499,000 of the 524,288 Ether required to secure the Dec. 1 beacon chain genesis has been deposited into ETH 2.0\u2019s deposit contract, with 11 hours remaining for the deadline to be reached.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/eaf3912a-936b-4493-9a48-60c4dcfbb5d1.JPG\"><\/figure>\n<p>Less than 32,000 Ether is now required and more than that was deposited in the past six hours alone. Hourly deposits increased from approximately 10,000 Ether to more than 15,000 ETH every 60 minutes.<\/p>\n<p>Pundits are now certain that ETH 2.0\u2019s beacon chain launch will come at the start of December:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">lol at anyone who thinks the beacon chain deposit contract isn&#8217;t going to hit its minimum.<\/p>\n<p>\u2014 Ryan Selkis (@twobitidiot) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/twobitidiot\/status\/1330931515618971650?ref_src=twsrc%5Etfw\">November 23, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ethereum\u2019s co-creator Vitalik Buterin also took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to celebrate the influx of deposits and remind people they must deposit before the beacon chain\u2019s activation if they wish to participate in the genesis cohort of stakers:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Deposit contract is at 460k ETH (~87.7% of target) with 12 hours left until the earliest possible launch activation time!<\/p>\n<p>(Launch will happen at 7 days after activation; need to reach 524288 ETH to activate)<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/yqy87eMafV\">https:\/\/t.co\/yqy87eMafV<\/a><\/p>\n<p>\u2014 vitalik.eth (@VitalikButerin) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1331025393680228353?ref_src=twsrc%5Etfw\">November 24, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Last week, the crypto community was speculating the deposit contract may not reach its target until well into 2021, with only 50,849 ETH having been deposited within the first week of the deposit contract\u2019s launch.<\/p>\n<p>Many were concerned that low staking participation would force further delays due to Ether holders being unwilling to lock their tokens up without knowing when they would be able to make withdrawals.<\/p>\n<p>Currently, it is anticipated that stakers will be able to withdraw their tokens alongside the launch of \u201cPhase 1.5\u201d \u2014 which will see the current Ethereum mainnet merge with ETH 2.0\u2019s new beacon chain and sharding system. <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/ethereum.org\/en\/eth2\/docking\/\">Phase 1.5<\/a> is expected to launch sometime around late 2021 or early 2022.<\/p>\n<p>The surge in deposits has seen wild volatility on Polymarket\u2019s prediction market for whether the ETH 2.0 genesis event will occur on Dec. 1, with contracts in favor of such jumping from $0.36 12 hours ago to $0.95 as of this writing.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/684e7c98-6338-451b-8683-a40357d019c6.png\"><figcaption style=\"text-align: center;\">Price chart for prediction market for ETH 2.0\u2019s expected Dec. 1 genesis: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/polymarket.com\/market\/will-the-ethereum-20-genesis-event-happen-successfully-on-december-1st-2020\">Polymarket<\/a><\/figcaption><\/figure>\n<p>The imminent launch of Phase 0 has also driven bullish pressure in the ETH markets, with Ether rallying into new year-to-date highs above $600 over the past 12 hours. Since changing hands for $135 at the start of the year, ETH has gained nearly 350%.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/eth-2-0-set-to-launch-dec-1-after-late-surge-in-deposits\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# ETH 2.0 set to launch Dec. 1 after late surge in deposits &#8221; ETH 2.0\u2019s Phase 0 launch looks all but certain for Dec. 1, with the number of Ether transferred to the ETH 2.0 deposit contract snowballing as today\u2019s deadline approaches. As of this writing, nearly 499,000 of the 524,288 Ether required to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":118742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/43196b93-15a3-4829-9b44-1ce3c5567fdf.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74891,4965],"class_list":["post-118741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-ethereum","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/118741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=118741"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/118741\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/118742"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=118741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=118741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=118741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}