Ethereum 2.0 - Phase 0 launch, new network validators are being recruited.
- Created: Thursday, 05 November 2020 02:33
Talk about the transition of Ethereum cryptocurrency to POS has been going on since 2016, but it seems that POS will still take place in the near future, because Ethereum 2.0 phase 0 has started. In the zero phase, a set of validators for a new network is being conducted to protect the network from 51% attacks. Before the start of phase 0 of Ethereum 2.0, it is planned to recruit 16384 validators, and each validator must have 32ETH, i.e. before the start of Ethereum 2.0, 524.288ETH will be locked on the network. At the time of this writing (less than a day from the start) 14.533ETH has already been locked. If the set of validators continues at the same pace, then the projected launch of Ethereum 2.0 on December 1, 2020 has every chance of taking place. If you have 32 ethers on your account (12.960 USD), then you can participate in the zero phase of the creation of Ethereum 2.0. After the launch, your validator will receive an income of 21.6%, but with an increase in the number of validators after the launch of phase 1, the income will decrease. For those who are interested in how all this will work, there is an interesting infographic here. As participants in the ICO Ethereum 1.0 in 2014, we also plan to take part in the formation of the second version of Ethereum. What we are planning to make a small report for our readers.