Ethereum's co-founder Vitalik Buterin has donated 3,200 ETH (approximately $1.5 million), to the deposit contract of Ethereum 2.0.
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With this investment, Buterin becomes one of the first stakers on a new blockchain expected to launch on December 1, 2020. While the contribution might seem significant, Trustnodes reports the donated ethers is just 1% of Buterin's holdings.
The minimum threshold for staking ETHs in Ethereum 2.0 is 32 ETH. The mainnet of the Ethereum 2.0 network is expected to be launched only if 16,384 staking participants deposit a total of 524,288 ETH.
iHodl earlier reported that Ethereum developers officially confirmed the launch date of a deposit contract for Ethereum 2.0.
According to an official blog post, the contract is expected to be launched on December 1, 2020, at 12pm UTC, while the initial launch date was set on January 1, 2021. The developers also published a tool for generating the keys required to make a deposit in Ethereum 2.0.
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