Home
News
- There are only 27 days remaining for Ethereum to switch for Proof of stake. Meanwhile, it is currently trading near the value of $1843.
- Lido finance has one of the most staked ethereum. Meanwhile, kraken, coinbase and staked.us is one of the top entities in ethereum staking.
Ethereum transition from Proof of work to proof of stake is one of the biggest feat of engineering in the history of Blockchain. After many delays the date of ethereum merge is set to be September 15 2022. When the total difficulty reaches to 58750000000000000000000, the ethereum mainnet will merge with the beacon chain and it will mean the transition to proof of stake. In the past one year the mean proposed block on the beacon chain has remained to 7100.
The Merge will have a strong impact on the carbon footprint of Ethereum . It will also set the stage for future scalability upgrades such as sharding. Meanwhile,When the first shard chains will arrive they will just provide extra data to the network.
Staking And Validators
Lido finance is one of the largest stakers of Ethereum along with Kraken and Staked.us. You can see the amount staked by Lido (0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84) on the particular address.The total depositors for ETH2.0 are 79747.Validators of the Ethereum Need to deposit 32 ETH into the validator deposit contract on the Ethereum 1.0 chain.Validator operators have to run a validator node. Their job is to propose blocks and sign attestations.They need to be online for at least 50% of the time in order to have positive returns.
The average daily income of the Validators is approximately 0.0039 ETH for the past few months. The total attestations and network participation rate has been seeing a strong growth. Various analysts are saying that a selloff may occur once the transition happens.
Conclusion
It is not a doubt that the transition of Ethereum from PoW to Pos is one of the biggest feats of blockchain engineering .With the transition to PoS Ethereum will become more scalable and can see a strong trend. There is also a doubt in various analysts about the selloff. So it will be interesting to see what will happen after the merge.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
