Published: 20.04.2022
Updated: 04/21/2022
Article reading time:
2 minutes.
The number of validators of the Ethereum signal chain (Beacon Chain) has increased by almost 50,000 in a month and a half, reaching 349,813 addresses. 11.6 million ETH is locked in the Ethereum 2.0 deposit smart contract.
The Ethereum user and developer community is looking forward to the transition of the Ethereum blockchain from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus. This transition is already underway, and a parallel network is now running, so far consisting of the Beacon Chain signaling chain used to deploy Ethereum 2.0. The Beacon Chain is not capable of processing smart contracts, however, this chain allows the coordination of an extended network of shards and stakers for Ethereum 2.0. The signal chain was created on December 1, 2020, and validators have maintained its security ever since.
By
datapresented on the Beacon Chain website, since the beginning of March, the number of validators of this network has increased by about 50,000. On March 1, the number of Ethereum 2.0 validators exceeded 300,000, and as of April 20, the number of validators has already reached 349,813 addresses at epoch 113512.
According to
data According to Etherscan, an Ethereum blockchain explorer, 11.6 million ETH worth about $35.9 billion is locked in the Ethereum 2.0 smart contract. Deposits are made daily, on a regular basis, in the amount of 32 ETH per address.
Right now, the impact of the Beacon Chain on the live network is not felt, as Ethereum is expected to approach PoS gradually until PoW “dries up”. Until then, the chain using the PoW consensus method remains dominant, so the problem of high fees and slow transactions still persists.
The Ethereum Foundation recently published a report on the amount of Ethereum it holds and how much it spends on research related to updates to the Ethereum mainnet.
Source: Bits
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