Ethereum 2.0 has released today, on December 1st. A huge amount of Ethereum has already been staked for its deposit contract as a component of the innovative proof-of-stake network. The latest data reveals that over $529 M of Ether has already been deposited.
The opening move of Ethereum 2.0—the massive upgrade meant to renew the Ethereum network—went live at 12:00 pm UTC today. The Ethereum 2.0 upgrade is assumed to bring major improvements to the Ethereum system. The applied proof-of-stake mechanism will solve some scalability issues Ethereum has met.
And today, the first vital part of the Ethereum 2.0 upgrade—known as Phase 0 or Beacon Chain —has been launched.