{"id":31577,"date":"2020-11-11T10:07:23","date_gmt":"2020-11-11T08:07:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31577"},"modified":"2025-08-28T04:23:32","modified_gmt":"2025-08-28T01:23:32","slug":"over-the-week-users-transferred-52993-eth-to-the-ethereum-2-0-deposit-contract","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/over-the-week-users-transferred-52993-eth-to-the-ethereum-2-0-deposit-contract\/","title":{"rendered":"Over the week, users transferred 52,993 ETH to the Ethereum 2.0 deposit contract"},"content":{"rendered":"<p>The balance of the deposit contract, which enables transferring ETH from the current network to ETH2, validating the authority of the stakers, as of the morning of November 11 <a href=\"https:\/\/etherscan.io\/address\/0x00000000219ab540356cbb839cbe05303d7705fa\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">stood at<\/a> 52,993 ETH (~$24.45 million).<!--more--><\/p>\n<p>The condition for launching the Ethereum 2.0 mainnet is the participation of 16,384 validators, who by December 1 must contribute in total 524,288 ETH. As of today, users have transferred 10% of this amount.<\/p>\n<p>The deposit contract enables transferring ETH from the existing network to ETH2. The minimum stake threshold for Ethereum 2.0 staking is 32 ETH.<\/p>\n<p>After ETH2 launches, validators will begin earning rewards with a floating rate.<\/p>\n<p>The ETH2 deposit contract <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-2-0-genesis-block-launch-date-revealed\">launched<\/a> on 4 November.<\/p>\n<p>Ethereum co-founder Vitalik Buterin <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-sent-3200-eth-to-ethereum-2-0-deposit-contract\">sent<\/a> 3,200 ETH (~$1.3 million) to it.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZdGvBAuNpk\">\n<p>What is Ethereum 2.0?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u00abWhat is Ethereum 2.0?\u00bb \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-ethereum-2-0\/embed#?secret=pIkcs2g8Fu#?secret=ZdGvBAuNpk\" data-secret=\"ZdGvBAuNpk\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The balance of the deposit contract, which enables transferring ETH from the current network to ETH2, validating the authority of the stakers, stood at 52,993 ETH (~$24.45 million) as of the morning of November 11.<\/p>\n","protected":false},"author":1,"featured_media":31578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-31577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31577"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31577\/revisions"}],"predecessor-version":[{"id":31579,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31577\/revisions\/31579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31578"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}