Screenshot Revealing Ethereum 2 Deposit Process Leaked Online

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • A screenshot showing the ethereum 2.0 depositing process has been leaked online.
  • The images were provided by Deep Work Studio, a team of designers that seems to be part of the ethereum community.
  • An ethereum two researcher, Carl Beekhuizen, says that it looks like an early prototype, and a lot of work still needs to be finished.

A screenshot showing the ethereum 2.0 depositing process has been leaked online. It shows the steps to send 32 eth from Proof of work chain to the new Proof of stake chain. The process gives a brief description of taking and rewards, with it then generating a key pair for validation.

There are two key validators in the process present in the hot and cold wallet setup. One key can be used to validate only the stake, and it is the hotkey. The second key is used to control the movement of the eth, and it is called the cold key or private key.

A user needs to protect their private key that can be stored in the hardware wallets just as the present private key. The process is kind of finished, as evident by the congratulations page for the staker after they have signed some disclaimers. This all looks like a simple one-click process.

The images were provided by Deep Work Studio, a team of designers that seems to be part of the ethereum community. The version seems to be old as it can be seen from the reward amount is slightly lower than what Vitalik Buterin, the ethereum co-founder, claimed to be.

An ethereum two researcher, Carl Beekhuizen, says that it looks like an early prototype, and a lot of work still needs to be finished. Danny Ryan, the ethereum 2.0 coordinator, says Beekhuizen is heading the UI feature of the deposit contract, and the work is still going on.

“We are contracting with that design team and cranking it out,” Ryan says, “That’s a preview, I suppose.”

It can be concluded the images showing the ethereum two interface are legit. At the moment, ethereum two is waiting for an audit report which will go out by the end of this week. After the report, a multiclient test net will go live, probably, in April. The ethereum contract would be launched in May, during the Ethereal Summit in New York.

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