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The price of ETH continues to rise, which may become one of the obstacles to the progress of Ethereum 2.0 pledge

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After 16,384 verification nodes and 524,288 ETH are pledged, the Ethereum 2.0 mainnet can be officially launched.

Original title: "Ethereum's price isn't helping ETH 2.0 staking, here's why"

Original source: Ambcrypto

Original translation: 0x33

Deposits in the Ethereum 2.0 deposit contract have increased significantly over the past few days, the largest increase since the contract was recently launched .

According to OKLink data, the ETH 2.0 deposit contract sent more than 238112 ETH. According to the design of Ethereum 2.0, the main network of Ethereum 2.0 can only be officially launched after satisfying 16,384 verification nodes and 524,288 ETH pledges before November 24; and according to the time plan, only on November 24 (12 Only when the above pledge amount is reached before December 1st can the mainnet be launched as scheduled on December 1st, and the current deposit amount has not yet reached 50% of the required amount. It seems likely that the time for Ethereum 2.0 will be slightly delayed .

Although on November 16th, the Ethereum Foundation launched the "Eth2 Staking Community Grants" event to encourage the community to submit tools, documents and resources so that more people can obtain smoother staking process.

Deadline for submitting proposals is December 22nd, screening criteria are the following: expanding stakers and validating The number of people; contributing to the ecology of pledge tools; simple and clear documentation; helping non-technical personnel understand the network situation through visualization tools; data analysis or data visualization, etc. All proposals must be submitted in English and are fully open source.

In a recent Ethereum Foundation AMA on Reddit, a developer posed a question to the community, namely Why are they still hesitant to invest in ETH.

Ethereum developer Carl Beekhuizen asks, "A question we ask the community: If you haven't deposited , what is holding you back, what can we change to make verification more attractive?"

According to user responses, the main list of problems summarized is the lack of design to withdraw ETH, the uncertainty of the launch date and the fear of loss of funds due to technical problems.

Regarding the lack of ability to unstake and withdraw, one user said, "I'm personally waiting for RocketPool, and RocketPool Waiting for you guys to implement the withdrawal function. I'm sure everyone else doesn't want to lock up their ETH without being able to withdraw ETH, especially when there is a tax event when staking, then some of the participants will face money being locked up. Locked in, but having to find a way to pay these taxes.”

RocketPool announced today that they will be putting the beta The release moved from Medalla to the Pyrmont testnet and expects it to be used for several months, while also lowering the minimum ETH requirement to receive rewards from 32 to 24.

Given the recent price surge, staking ETH is not an easy task for validators thing.

As one user commented, "I might be saving ETH. I'd really like to participate , I actually have everything ready. But there is still a lingering question, and now 32ETH is about 15,000 US dollars. This decision (staking ETH) is something I really need to consider, and I am not in a hurry to make a decision.”< /p>

This also coincides with the results of the vote initiated by the previous Ethereum 2.0 researcher Justin Drake on Twitter. Of the 3,600 voters, 50% said they did not plan to stake on the Ethereum network, with only a handful saying they intended to participate.

Besides the fact that the participants themselves need some technical skills, most of the reasons are for the progress of the development of Ethereum 2.0 Suspect.

Kirill Kutakov, co-founder of Stakewise, said that those who are currently betting on Ethereum are those who have the ability (or have Confidence) people who run their own nodes. "These guys are well aware of all the risks and have a lot of capital."