{"id":468279,"date":"2021-07-28T17:00:58","date_gmt":"2021-07-28T17:00:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=468279"},"modified":"2021-07-30T12:56:21","modified_gmt":"2021-07-30T12:56:21","slug":"ethereum-breaks-200000-validators-milestone","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-breaks-200000-validators-milestone\/","title":{"rendered":"Ethereum Breaks 200,000 Validators Milestone, Over $14 Billion Now Staked In ETH 2.0"},"content":{"rendered":"
Ethereum network continues to record increasing support as launch draws nearer with each passing day. The network has now successfully crossed 200,000 validators meaning there are now over 200,000 validator nodes running ahead of the ETH 2.0 launch and counting. The amount of staked ETH now stands at over 6.6 million coins staked, totally over $14 billion worth of ETH currently staked in the network.<\/p>\n
Over 20,000 validators were added to the network in the span of a month, taking the validators number from 180,000 to over 200,000. With this has come an increasing number of ETH staked on the network. More and more investors continue to stake their coins in anticipation of the upgrade to ETH 2.0, which will come bearing rewards for the validators.<\/p>\n
Related Reading |\u00a0Ethereum EIP-3675 For ETH 2.0 Upgrade Launches On GitHub<\/a><\/strong><\/em><\/p>\n At this point, the amount of staked ETH now totals over 5% of the entire circulating supply of ETH. With a current annual APY of 6.1% on staked ETH on the Ethereum network.<\/p>\n The move of the Ethereum network from proof of work to proof of stake has been a hot topic in the crypto space since the project was announced. Although the project continues to require more time to complete than was initially speculated by Ethereum founder Vitalik Buterin. The move has had numerous delays, most of which are attributed to personnel working on the upgrade and not technical problems, according to the founder.<\/p>\n <\/p>\n Ethereum still currently operates on a proof of work mechanism, but the move to proof of stake would see the network requiring less electricity to mine coins and making the hassle of mining much less than it currently is. The reduced electricity consumption will address the environmental pollution problem of mining, which has long been a bone of contention in the mining industry.<\/p>\nMove To Proof Of Stake<\/h2>\n
ETH price tests $2,300 resistance point | Source: ETHUSD on TradingView.com<\/a><\/pre>\n