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ETH2.0 stake completion reached 96%, Genesis Block launch is imminent.
The latest data shows that 498,048 ETH has been deposited in the Ethereum 2.0 staking contract, achieving a completion rate of 96%. This number is quite close to the minimum requirement of 524,288 ETH needed to launch the Ethereum 2.0 Genesis Block.
Previously, according to the information from the Ethereum 2.0 GitHub code files, the expected release date of Ethereum 2.0 is December 1, 2020.
As the amount of stake continues to increase, the launch of Ethereum 2.0 seems to have entered the countdown phase. This significant upgrade will bring substantial performance improvements and new features to the Ethereum network, including the transition to a proof-of-stake (PoS) consensus mechanism.
Industry insiders generally believe that the successful launch of Ethereum 2.0 will have a profound impact on the entire cryptocurrency ecosystem, particularly in terms of scalability and energy efficiency. However, there are also voices cautioning investors and developers to remain vigilant and closely monitor the potential technical challenges that may arise during the launch process.
As the launch date approaches, the anticipation within the Ethereum community is growing day by day. The coming days will be crucial, and we will continue to monitor the progress of the staking contract and its impact on the future of the Ethereum network.