Vitalik Buterin and all his clique may have dangled the Merge, but investors’ fears are not allayed. During and after The Merge, what will happen to their ETH holdings? Will there be ETH 2 tokens? So many questions that are currently tormenting people’s minds. Nevertheless, there are also confident investors on the other side of the river. To show their loyalty to Ethereum, they make the number of ETH placed in the blockchain deposit contract increase.
Ethereum 2.0, more and more ETH blocked
By collecting data on the Oklink platform, Times Tabloid concluded that the number of ETH placed in the Ethereum deposit contract is constantly changing. Indeed, there is currently the equivalent of 13.3 million ETH.
Considering the history of placements in ETH 2.0, there had been an average of 36,000 coins staked per week since 1er august. Which makes a total of 153,000 ETH in just 23 days.
It should be noted, however, that individual investors are only entitled to exchanges, shipments and sales of their coins. stacked ethereum on the blockchain. Withdrawals suspended until further notice.
For Coinbase, suspending deposits and withdrawals just before and during the Merge is the ideal solution. To avoid too many investors worrying about the fate of their ETH holdings.
Only a few more days before the Merge
Is the date of the Merge already known? More or less. Indeed, several media have suggested that it will be held on September 16.
As for the preparation of the Merge, everything seems to be in place. Just yesterday we learned that Ethereum developers have invited Ethereum 2.0 Teku users to upgrade. This is to integrate the Bellatrix upgrade, a step that requires downloading Teku v.22.81.
What is certain is that after The Merge, there will be no more room for the Proof-of-Work. A situation that will not please minors like Chandler Guo. Vitalik Buterin talked about an Ethereum 2.0 free from selfishness.
But the most important of the advantages of Fusion is energy saving: 99.95% savings, it is said.
After so much waiting, here we are finally close to the Merge of Ethereum. An event that caused so much ink to flow, and which was at the origin of several speculations. It is quite normal if investors show fears about this changeover. But with a Vitalik Buterin who is not stingy with explanations, and a team very involved behind the blockchain, they had better wait for the changes patiently.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Tremplin.io!