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ETH Achieved Numerous Record-smashing Milestones As ETH 2.0’s Release Date Closes

By Shannon Wilson | November 8, 2020

Ether (ETH) has reportedly achieved numerous record-breaking milestones, during the time where updates of Ethereum 2.0’s release surfaced, tentatively to be rolled out earliest December 1st. 

Specifically, the release of the deposit contract on November 5th, has reportedly made the depositing feature of 32 ether needed for staking participation available to clients. 

ETH 2.0’s beacon chain genesis will reportedly occur on the first day of December this year, should 16,384 deposits of 32 ETH each, minimum, are received – which equals 524,288 ETH overall, equivalent to approximately $200 million.

Hours following the published development,  the number of Ethereum addresses holding a minimum 32 ETH reportedly broke the highest figure recorded, climbing up to 126,852. 

Before this recent incline, the figure has reportedly stood close to 123,000 starting June 2020, with fluctuations recorded for about hundreds of addresses. 

This reportedly means an accumulated percentage of around 13% of all addresses, are having in their possession 32 Ether at the moment, and will be required to join, so as to initiate staking. If the required amount is not satisfied, the launch will be delayed up to seven days, after the threshold is hit. 

The number of addresses currently possessing at the minimum 0.1, 10 or 100 Ether has reportedly also achieved a record-smashing highs of 3,616,246 addresses, 293,183 addresses and 52,943 addresses, respectively – showing a risen accumulation from speculators, together with prospective validators.

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