Bitcoin
BTC$68 278.57

-0.38%

Ethereum
ETH$3 895.77

-0.31%

Tether
USDT$0.998943

-0.04%

Binance Coin
BNB$601.39

-0.01%

Solana
SOL$171.42

2.71%

USD Coin
USDC$1.000061

0.01%

Ethereum Improvement Proposal 3675 for the Eth2 merge launches on Github


23 Jul 2021

#Ethereum

The coming Eth2 Proof-of-Stake chain merge now has an Ethereum Improvement Proposal. A formal Ethereum Improvement Proposal has been created for the network’s forthcoming chain merge, bringing Ethereum one step closer to realizing its highly anticipated Proof-of-Stake (PoS) transition.

On July 22, ConsenSys researcher Mikhail Kalinin created a pull-request for EIP-3675 on Github, formalizing the chain merge as an improvement proposal for the first time. The EIP has also been slated for discussion during the July 23 Ethereum Core Devs Meeting by developer Tim Beiko.

The proposal would merge the Ethereum and Eth2 chains, transitioning the network’s consensus mechanism away from Proof-of-Work and empowering stakers to validate transactions. The EIP notes that no “safety nor liveness failures were detected” since the launch of Eth2’s beacon chain in December 2020, adding:

“The long period of running without failures demonstrates the sustainability of the beacon chain system and witnesses its readiness to start driving and become a security provider for the Ethereum Mainnet.”

Despite the EIP, many leading figures in the Ethereum community, including lead developer Vitalik Buterin, believe it is very unlikely the chain merge will occur during 2021. The EIP comes amid bidding for the EIP-1559 Supporter NFT series which was launched via Mirror on July 21. The nonfungible tokens demonstrate support for the introduction of a burn mechanism to Ethereum’s fee market as part of the network’s coming London upgrades. All proceeds will be shared among 1559's contributors, and the tokens were designed by artist "Kitteh."

Since the launch of the beacon chain in December, Eth2 has emerged as the second-largest PoS network by staked capitalization in USD terms, with $12.7 billion worth of Ether locked in staking despite less than 6% of its circulating supply having been deposited.

According to Staking Rewards, Cardano has the largest staked capitalization with $24.2 billion and 62% of supply locked. Solana ranks third with $10.2 billion from 74%, followed by Polkadot with $9 billion from 63%.


Related

Crypto may be ready for a new leg down
Crypto may be ready for a new leg down
Cryptocurrencies wait for a signal
Cryptocurrencies wait for a signal
What are dynamic NFTs?: Use cases and examples
What are dynamic NFTs?: Use cases and examples
Shanghai Upgrade Fires Up ETH and Altcoins
Shanghai Upgrade Fires Up ETH and Altcoins
Challenges of data accessibility in the NFT market
Challenges of data accessibility in the NFT market
Is the A.I. revolution about to pump Nvidia stocks?
Is the A.I. revolution about to pump Nvidia stocks?
Five tips for investing during a global recession
Five tips for investing during a global recession
What is NFT ticketing and how does it work?
What is NFT ticketing and how does it work?
The crypto market is cheaper than a trillion again
The crypto market is cheaper than a trillion again

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 77.2% 43 $68 278.57 -0.38% -4.32% $1 345 400 809 941 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.6% 70 $3 895.77 -0.31% 2.68% $468 028 945 782 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.998943 -0.04% -0.09% $111 847 033 976 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.8% 6 $601.39 -0.01% -1.98% $88 756 634 769 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 67.6% 73 $171.42 2.71% -4.55% $77 056 762 894 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000061 0.01% 0.01% $32 464 668 588 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.8% 6 $0.531361 0.46% -2.28% $29 453 574 385 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 50 $0.165070 -2.39% -1.61% $23 848 390 229 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 68.8% 64 $6.44 -0.32% -0.23% $22 370 418 462 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86.4% 19 $0.459252 -0.49% -8.44% $16 392 782 942 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 78.8% 33 $0.000026 2.23% 0.87% $15 438 115 111 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 52 $37.32 -0.09% -8.04% $14 662 529 748 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 62.8% 82 $18.18 4.79% 8.58% $10 674 965 951 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 78.8% 42 $68 436.87 -0.24% -4.17% $10 638 276 521 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 83.2% 33 $7.38 -1.17% -2.07% $10 610 167 735 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.