Welcome to another edition of Valid Points, where Will Foxley and I give a weekly update about the status and ongoing development of Ethereum 2.0.
We’ll soon be incorporating data directly from CoinDesk’s own Eth 2.0 validator node by staking our own funds to the newly launched network. To be clear, this isn’t the start of a day-trading division at CoinDesk. All profits from running the validator will be donated to a charity of our choosing once transfers are enabled on the network. For the full overview of CoinDesk’s first-ever staking venture, click here.
Since the epic launch of Eth 2.0 last Tuesday, there have been tons of data about its activity to decipher and analyze. Early statistics shared after the first day of launch in our previous newsletter revealed how Eth 2.0 was inundated with 66% more funds than the minimum required to secure network operations. We were also able to view in real time the progression of over 100 epochs, in which more than 3,000 blocks were processed by validators.
Heading into the network’s second week of live development, we’re seeing the total amount of staked ether continue to rise for the network from 66% to 141% above the original threshold of 524,288 ETH. We’re also seeing a higher number of blocks and epochs finalized on the network, which is positively impacting the amount of rewards validators accrue daily.
We’ll take a deeper look at some of these Ethereum 2.0 metrics in our weekly Pulse Check. Then, for the New Frontiers essay, we’ll explore some of the scaling solutions to Ethereum that are being developed alongside the Eth 2.0 upgrade.
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