Locked-In Value On ETH 2.0 With The Rise In Ethereum (ETH) Reach A Record Level

Etherea 2.0 or eth2 stake contract continues to attract deposits. The contract currently includes $ 1 billion worth of Ethereum (ETH).

The amount of ETH invested in the contract has exceeded 1.5 million. According to TradingView, the $ 1 billion level continues to rise due to higher investments and the price of ETH . Ethereum, on the other hand, is currently traded on the Coinbase exchange for over $ 660.

There is no end date for the contract. In other words, people can continue to deposit ETH into the contract to receive staking rewards.

ETH2 journey, representing the transition from the proof-of-work model to the proof-of-stake network, started on December 1. The Stage 0 or Beacon blockchain acted as a kind of backbone for ETH2. There is still a long way to go for Ethereum to fully migrate to the new network. The new blockchain is expected to be more efficient and scalable than the existing proof-of-work network.

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