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The number of validators on the Ethereum 2.0 blockchain has topped a milestone of 60,000 in only six weeks of being live.
According to the Beacon Chain analytics platform, there are currently 60,189 active validators on the network with a further 16,156 waiting in the queue.
Three weeks after it was launched, the Beacon Chain now holds almost 1.6% of the entire supply of Ethereum, worth an estimated $1.1 billion at current prices.
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The latest update from the team working on Phase 0 of the ETH 2.0 upgrade has praised the smooth launch of the new blockchain which was only marred by a number of validators getting ‘slashed.
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The Ethereum 2.0 Beacon Chain launched last week and is off to a strong start as more users continue to flock to the platform.
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Over one percent of the entire supply of Ethereum has now been staked on the deposit contract according to co-founder Vitalik Buterin.
Staking for ETH 2.
The mainnet launch of the Beacon Chain of ETH 2.0 took place on Dec. 1. Interest is objectively growing as the total number of ETH staked on the network has surpassed one million.
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Canadian tech company Ether Capital Corporation has become one of the world’s first publicly-traded companies to deposit 32 ETH and run a node on the Ethereum 2.0 blockchain.
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Ethereum prices have returned above $600 today along with the launching of the much-anticipated Beacon Chain, but high throughput on the new blockchain will take some time.
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With Ethereum’s second-generation blockchain launching on Dec 1, 2020, Coinbase is getting prepared. The exchange says it will allow for a smooth transition from ETH1 to ETH2 and will offer staking capabilities.
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The number of Ethereum nodes has nearly exceeded the number of nodes on the Bitcoin network, showcasing a surge in activity in the lead up to ETH 2.0.
Data from Ethernodes shows that the number of network nodes has increased sharply from Nov. 16 to date.
Anticipating Ethereum 2.