More than 3% of the Ethereum offer is blocked in the ETH 2 deposit contract

Over 3% of Ethereum's supply is now locked up in the ETH 2 deposit contract  |

More than 3% of the Ethereum offer is already blocked in the ETH 2 deposit contract. At $ 1850 per coin, the blocked amount is over $ 6.37 billion

The network has over 107,000 active validators and approximately 670 new ones are added daily. In fact, this data wiped its nose from skeptics who didn’t believe the network would attract attention.

“Many of us see the rise in the price of ETH as a signal to the market recognizing the value of the fundamentals of the Ethereum network,” says proponent Anthony Sassano.

In his opinion, the next important step for the Ethereum community will be the launch and implementation of various second-tier solutions, such as Optimism, Arbitrum and Immutable X:

“As soon as the EIP-1559 improvement is implemented, we will be able to track the amount of ETH burned. Exciting events await us ahead. “

Updates have their own schedule. The closest event is the Berlin Renewal, which will take place on April 14, 2021. According to Ethereum developer Tim Beiko, after months of planning, the Berlin update is ready to launch on the Ethereum mainnet at block 12,244,000. Four EIPs will be introduced during this update.

According to the developer, the decentralized nature of blockchain systems makes it difficult to update the network and for a smooth transition requires cooperation and interaction with the community, as well as with the developers of various Ethereum clients. To continue working on the network, node operators and miners will need to download the latest version of their client.

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