On the eve of the new Ethereum 2.0 merger The Merge, the signal is stuck at its height. The upcoming announcement of the new version of the crypto seems to be highly anticipated. It must be said that The Merge is supposed to give a real boost to the second largest currency on the market. The future of Ethereum depends on the success of this transition, because the stakes are very high. Ethereum is starting to offer transaction fees that are too high compared to its peers.
With The Merge, we will reach a new level with safer, faster exchanges, and lower energy costs. It has been possible to stab Ethereum since 2020, but it has accelerated significantly in the last few days. With this process, investors can expect significant gains, with the help of PoS. Find out in this article, the underside of this growing trend.
About Ethereum 2.0, briefly explained
When talking about cryptocurrency staking in French, there can be some ambiguity. In our language, it can be both hold encryption on his wallet or the fact of it validate transactions through the Proof of Stake system. The first term refers to a classic investment where one of them is resold to make a capital gain while the other takes passive income in the long term.
Here, we are actually talking about the second option that assumes passive gains. The challenge for Ethereum 2.0 is to move from the Proof of Work system to the Proof of Stake system. Investors are starting to take their cues in anticipation of the move. As mentioned before, staking has been available since 2020. But with the delay of the Ethereum project, the hype was not there until recently
Ethereum 2.0 betting numbers
According to the famous crypto reporter Wu Blockchain on Twitteris for this month of August, almost 13.5 million ETH 2.0 deposit contract addresses with a stake price of just over 11%. It can be said that the deposits show a sudden acceleration, with up to 36,000 deposits added per week.
According to OKLink, the number of ETH 2.0 deposit contract addresses has reached 13,343,768, and the staking rate is more than 11.17%. About 36,000 ETH were added each week, and 153,000 new ETH have been staked since August. https://t.co/7d7g91WlDS pic.twitter.com/zDbWYByDz6
— Wu Blockchain (@WuBlockchain) August 22, 2022
The graph shows us a continuous progress of Ethereum in recent months. Ethereum 1.0, on the other hand, loses a lot of speed. It seems investors hopeful on the success of the project. If the team in charge of Ethereum continues to demonstrate that the transition is running smoothly, we can expect an acceleration of deposits in the days leading up to The Merge.
The reasons for this sudden increase in Ethereum 2.0 staking
The increase in Ethereum 2.0 staking isn’t just happening because of the upcoming merger. It is especially the the success of the testnet on Goerli will be certain many investors to bet on The Merge. Shown on August 11, the test is a complete success.
The version that seems closest to the original Ethereum network will be unblocked. Now, there is no doubt that the move will come in September. This simple announcement alone explains the growing enthusiasm of Ethereum holders. But that’s not all, Ethereum has another good news that benefits it.
Chainlink will support Ethereum’s new PoS
Chainlink is a decentralized oracle blockchain that runs on Ethereum. Created in 2017 by Sergey Nazarov, this open source technology provides a secure and fast environment for hosting Ethereum PoS. This is good news for the credibility of the project. With such support, Ethereum further demonstrates the viability of the transition. Days away from the bridge to PoS, the crypto world is holding its breath and hoping for full success one of the biggest events in 2022.
ETH 2.0 staking is accessible to everyone, by doing some manipulations on your account. For this, you just need to log in to the crypto exchange platform you use such as Crypto.com or Binance. If you don’t have an account, see our detailed page on creating a crypto account.
The basic way to take Ethereum is to become a collector. But this status must have 32 ETH. Because very few investors apply this solution, it is possible to pool your ETH 2.0.
Pools for investing in ETH 2.0
Ethereum betting pools are composed of several small investors which collects their Ethereum. Therefore, an investor who puts his ETH into us, will be rewarded in proportion to the amount he has invested. However, a service fee is charged for these pools can achieve a certain amount. However, this is the most accessible way to take ETH without having 32.
To follow the evolution of the price of Ethereum, go to our page that presents the price of cryptos in real time by clicking here!