Ethereum’s Beacon Chain Witnesses Increase in Pledges
It is reported that according to the Tokenview data on the chain, the total number of pledge of Ethereum beacon chain reached 17423991 ETHs, an increase of 558…
It is reported that according to the Tokenview data on the chain, the total number of pledge of Ethereum beacon chain reached 17423991 ETHs, an increase of 558352 ETHs in the past week.
The pledge number of Ethereum beacon chain has increased by more than 550000 ETHs in the past week
Interpretation of the news:
The message indicates that the total number of pledges on the Ethereum Beacon Chain has increased to 17,423,991 ETHs, with an incremental rise of 558,352 ETHs during the last week. This implies that more investors are turning towards Ethereum’s Beacon Chain, which is a blockchain network designed to facilitate the transition to Ethereum 2.0.
Ethereum is a blockchain technology that powers several decentralized applications (dApps) and smart contracts. The blockchain is secured by a consensus algorithm called proof-of-work (PoW), which involves miners using their computational power to solve complex mathematical equations to validate transactions on the network. However, this system has proven to be energy-intensive and somewhat difficult to scale. Therefore, Ethereum developers are moving towards a proof-of-stake (PoS) consensus algorithm, which will facilitate faster and cheaper transactions with enhanced security.
The Beacon Chain is the first component of Ethereum 2.0, a network designed to transition Ethereum from PoW to PoS consensus. It functions separately from the current Ethereum blockchain, with the primary goal of securing the network through PoS. In a PoS network, validators stake a certain amount of cryptocurrency to participate in the consensus process instead of relying on computational power. Newly issued tokens incentivize the validators to validate transactions, which strengthens the security of the network.
The increase in the number of pledges on the Beacon Chain is positive news for the Ethereum community, as it indicates that more investors are showing confidence in Ethereum’s future. Ethereum 2.0 is a significant upgrade from the current Ethereum network and is expected to resolve some of the scalability challenges faced by the network today.
In conclusion, the rise in the number of pledges on Ethereum’s Beacon Chain signifies that more investors believe in the potential of Ethereum 2.0’s transition to PoS consensus. This development may lead to a rise in the price of ETH in the future, as more investors stake their coins on the Beacon Chain.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4435/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Iron Bank Rejects Proposal from Alpha Homera
According to the news on March 7, Iron Bank said that it had received the private proposal of Alpha Homera, but considered it unacceptable. Alpha Homera\’s acco…
-
Former Barclays Bond Traders Make 700% Profit Selling NFT Art Collections
It is reported that former Barclays bond traders Ovie Faruq and Mike Anderson have sold a series of digital art collections that have prompted their bank to tu…
-
What is DAT currency (What is DAS currency)
What is DAT currency? According to Bitcoinexchangeguide, the decentralized appl
-
ZeroSync: Building a More Private, Interoperable, and Scalable Bitcoin with STARK Certification
On March 28th, three German computer scientists, Robin Linus, Tino Steffens, and Lukas George, established a Swiss non-profit organization called the ZeroSync Association, which wi
-
When will Craig Wright’s trial be held (Craig Wright’s resume)
According to Bitcoin.com\’s report, on January 13, 2018, the judge ruled that Cr
-
A dip in the number of Ethereum whales’ addresses.
According to reports, Glassnodes data showed that the number of addresses holding at least 32 ETHs was 129565, reaching a one-month low.
The number of …
-
The Truth Behind the Founding of Nakamigos and PEPE: Debunking the Myths Spreading Online
It is reported that Jeffrey Huang, the \”big brother of Maggie\”, wrote on social media that he was not the founder of Nakamigos or PEPE, and said not to spread rumors. Furthermore,
-
**How Bitcoin behaves like a Safe Haven in the Midst of Banking Crises**
According to reports, Yassine Elmandjra, an analyst at Ark Invest, said in the company\’s weekly newsletter that in the face of the banking crises in the United States and Europe, t
-
Countdown to Bitcoin’s Halving Time: What You Need to Know
On April 29th, it was reported that according to the OKLink countdown special page of Ouke Cloud Chain, the current block height is less than 365 days away from the halving time of
-
Decentralized Identity Platform SPACE ID Creates DAO Ministry of Finance
According to reports, the decentralized identity agreement SPACE ID has announced the establishment of the DAO Ministry of Finance, which will implement a Token buyback and destruc
-
Large transfer of Ether to Coinbase raises questions about the identity of the sender
According to reports, Whale Alert data showed that 26636 ETHs (valued at $39143078) were transferred from unknown wallets to Coinbase. 26636 ETHs transferred from unknown wallet to Coinbase Analysis based on this information:A large transfer of 26636 ETH, with a total value of $39143078, was recently reported by Whale Alert. The ETH was sent from unknown wallets to Coinbase, a popular cryptocurrency exchange. This transfer has raised questions regarding the identity of the sender and their potential motivations. Whale Alert is a service that tracks large cryptocurrency transactions and alerts users of significant movements. The transfer of over $39 million in ETH is certainly significant, and the fact that it was sent from unknown wallets has caught the attention of cryptocurrency enthusiasts and traders. Coinbase is one of the most well-known and widely-used cryptocurrency exchanges, with millions of users globally. The exchange allows users to buy, sell, and store various cryptocurrencies, including ETH. Coinbase also provides a platform for trading,…
-
**How Apple’s 30% App Store Commission Impacts Cryptocurrency and NFT Projects**
According to reports, a court in California has ruled that Apple has violated state competition laws because it prohibits application developers from using methods other than their
-
What does imToken cold wallet mean (How to withdraw from imToken cold wallet)
What does imToken cold wallet mean? According to the official news from imToken
-
Optimism’s Second Round of RetroPGF 2: 195 Projects Receive Funding from Badge Holders
According to reports, Optimism, the second tier expansion plan for Ethereum, announced the results of the second round of RetroPGF 2. In the second round of RetroPGF, 195 individua
-
Binance. US is looking for banks willing to receive cash assets from its clients
According to reports, the Wall Street Journal quoted insiders as saying that after the collapse of the Signature bank last month, Binance. US, a subsidiary of Minamily, is looking
-
William Shatner Releases NFT “Infinite Connections” at Consensus 2023
According to reports, \”Star Trek\” actor William Shatner officially released his NFT \”Infinite Connections\” at the Consensius 2023 conference in CoinDesk.
Star Trek Actors Release N