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Author Topic: what do you think after the launch of ETH 2.0, did you make a lot of deposits?  (Read 53 times)
Dokdo766 (OP)
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December 05, 2020, 08:56:16 AM
 #1

In the post: https://crypto.co/technology/eth-2-0-launching-today-more-deposits-coming-in/ is the news of the launching of ETH 2.0 .. with a more effective network and fees  will soon be minimized.

 In a published update on Ethereum's Foundation last Nov.  4, Danny Ryan stated that "to trigger genesis at this time, there must be at least 16384 32-ETH validator deposits."  This is equivalent to a total deposit of 524,288 ETH.

 Currently, the deposit contract is now at 869,696 ETH or $ 529,183,925.16 in value.  This is 60% higher than what is required for Phase 0 of ETH 2.0 to launch.  Deposits are still pouring in as of the moment.

 The launching of ETH 2.0 has also boosted the DeFi market as a whole.  The congestion in the Ethereum network causing its transaction fees to spike is one of the hurdles in DeFi growth.  But with the transition, fees will soon be minimized and this will increase DeFi adoption and innovation.

 Goods news
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tycsols
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December 05, 2020, 09:10:26 AM
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I think eth deposits have already grown over twice  the minimum requirement but for ultimate network efficiency regarding faster and cheaper transaction we have to wait for the launch of phase1 and phase2 of eth 2.0 that will employ sharding resulting in the solution of the scalability issues.

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December 06, 2020, 05:20:58 PM
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If everything that the developers have planned goes smoothly, then of course the current update will again be a breakthrough. We expect a rush around Ethereum mining pools!
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December 07, 2020, 03:52:57 AM
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This challenges daily stacking rewards for validators. Besides, if you make a deposit now, you will have to wait at least 9-10 days to get your validator coniformed on beaconchain. So, I would not make a deposit from now on.

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danglongbtc
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December 07, 2020, 03:57:47 AM
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This challenges daily stacking rewards for validators. Besides, if you make a deposit now, you will have to wait at least 9-10 days to get your validator coniformed on beaconchain. So, I would not make a deposit from now on.

I agree.  There is a queue of 9004 which will take a minimum 10 days to activate your validators.
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December 07, 2020, 04:12:31 AM
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I can't yet. There's still a lot of things to consider like the time and the right timing. I'd say wait for a few more weeks to deposit. Anyways, this is good news especially for DeFi because I don't have to worry about the high fees anymore.
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December 07, 2020, 04:18:03 AM
 #7

In the post: https://crypto.co/technology/eth-2-0-launching-today-more-deposits-coming-in/ is the news of the launching of ETH 2.0 .. with a more effective network and fees  will soon be minimized.

Fees will be minimized after ETH 2.0 phase 2 upgrades have been implemented. It will be done within 2021 and in that phase, the shard chain will be connected with the beacon chain. Right now the fees we are charging is the same as it was before.

In a published update on Ethereum's Foundation last Nov.  4, Danny Ryan stated that "to trigger genesis at this time, there must be at least 16384 32-ETH validator deposits."  This is equivalent to a total deposit of 524,288 ETH.

 Currently, the deposit contract is now at 869,696 ETH or $ 529,183,925.16 in value.  This is 60% higher than what is required for Phase 0 of ETH 2.0 to launch.  Deposits are still pouring in as of the moment.

 The launching of ETH 2.0 has also boosted the DeFi market as a whole.  The congestion in the Ethereum network causing its transaction fees to spike is one of the hurdles in DeFi growth.  But with the transition, fees will soon be minimized and this will increase DeFi adoption and innovation.

 Goods news

ETH network just upgraded to its first phase of upgrade and its price is not near anywhere near its previous ATH level. So holding eth at this time will be a smart choice.

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