Ethereum Improvement Proposal 3675 for the Eth2 merge launches on Github
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%.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 90.8% | 4 | $26 284.93 | 0.40% | -1.58% | $512 450 303 832 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 89.6% | 6 | $1 590.77 | 0.91% | -2.61% | $191 259 893 789 |  |
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| 3 |  USDT |
Tether predictions | 94.8% | 1 | $0.999945 | 0% | -0.03% | $83 203 336 292 |  |
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| 4 |  BNB |
Binance Coin predictions | 90.4% | 4 | $211.48 | 1.43% | -2.18% | $32 535 832 612 |  |
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| 5 |  XRP |
XRP predictions | 92.4% | 8 | $0.503892 | 0.71% | 0.08% | $26 829 848 518 |  |
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| 6 |  USDC |
USD Coin predictions | 94.8% | 1 | $1.000097 | 0.01% | 0% | $25 662 645 608 |  |
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| 7 |  STETH |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 8 |  ADA |
Cardano predictions | 94% | 7 | $0.246497 | 0.97% | -2.26% | $8 657 571 831 |  |
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| 9 |  DOGE |
Dogecoin predictions | 94% | 6 | $0.061028 | 0.22% | -1.62% | $8 614 628 399 |  |
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| 10 |  WTRX |
Wrapped TRON predictions | 86% | 17 | $0.083146 | -0.31% | 0.29% | $8 453 971 571 |  |
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| 11 |  SOL |
Solana predictions | 87.2% | 23 | $19.34 | -0.18% | -2.27% | $7 984 181 258 |  |
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| 12 |  TRX |
TRON predictions | 83.2% | 20 | $0.084559 | 1.10% | 0.67% | $7 535 502 870 |  |
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| 13 |  TON |
Toncoin predictions | 62.4% | 79 | $2.15 | -2.42% | -11.06% | $7 377 709 332 |  |
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| 14 |  DAI |
Dai predictions | 91.2% | 1 | $0.999944 | 0.04% | 0% | $5 347 589 340 |  |
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| 15 |  DOT |
Polkadot predictions | 87.6% | 23 | $4.09 | 2.02% | -0.27% | $5 277 683 110 |  |
