The amount of ETH currently staking has exceeded 1,500,000 ETH, trading at a value of more than $ 1 billion at the current price. As stake deposits increase, the price of Ethereum continues to rise, exceeding $ 600 in the last few days on different exchanges.
Deposits have been constant in recent weeks, doubling the amount in the last 20 days, as Glassnode reveals . The consequence of this massive entry of ETH to the new system proposed for Ethereum 2.0 is a step forward for the second most important currency in the world of cryptocurrencies.
As the market figures show, phase 0 of Ethereum 2.0 is now a reality, as the network forcefully surpassed the minimum number of validators necessary for its activation. In the future, the move from mining based on POW ( proof of work ) to POS ( proof of stake ) will be accompanied by improvements in scalability, security and sustainability. The launch of phase 0 of ETH 2.0 occurred on December 1, entering phase 0 called Beacon.
To start up the validators , 32 Eth staking was necessary , but different pools have enabled anyone to participate in their validator by blocking lower amounts. At the moment there is no deadline to participate in the betting system.
After phase 0, the transition to other improvements (such as sharding ) that will completely replace the previous Ethereum model will begin.