- Over $1 million ETH locked in Ethereum 2.0 within 1 hour
- Validators could be reluctant to deposit 32 ETH
After months of delay, and building a very high anticipation level for its launch, Ethereum 2.0 has been finally launched into its community.
Presently, the figure has risen to over 19,000 ETH being locked in the newly developed platform.
While these strides have rightly generated rave reviews especially from enthusiasts of ETH, it is important to look at the bigger picture of the situation the development is in.
While, for many enthusiasts, this is a minute figure to reach. However, failure to reach that figure would lead to the beacon chain not being launched.
Not only that, the newly developed platform must also have at least 16384 32-ETH validators deposits a week before December 1. If this is not met, genesis would only be triggered seven days after this criteria has been met.
Validitors may be reluctant to deposit 32 ETH on Ethereum 2.0
A certain level of hesitation may occur on the platform has validators might be reluctant to carry out the 32 ETH deposit. This is because of the lock-up period associated with it.
Ethereum 2.0 launchpad had made it known that transfers would be impossible between validators until we get to the first phase of the launch. Also, validators would then have to wait until the second phase until they would be able to make any withdrawal on their specific shard.
Ethereum 2.0 has been widely anticipated by many crypto enthusiasts. The discovery of these limitations and issues is not expected to really dampen the morale of the ETH community.