One of the biggest stories in the crypto space right now is the upcoming launch of Ethereum 2.0 — the long-awaited upgrade to the blockchain that will overhaul its consensus mechanism and how it validates transactions.
There have been some concerns that the launch won’t take place due to the lack of deposits into the ETH2 contract.
For context, Ethereum needs to get ported from the original chain to the ETH2 chain so that validators, or full node operators, can participate in block validation. The code specifies that there should be at least 16,384 validators staking 32 ETH each before the upgrade can properly launch. If that threshold isn’t reached, some have feared that the coins will be stuck in limbo.
According to Ethereum Foundation developers, though, this is not the case.
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Speaking in a recent Ethereum Foundation “ask me anything” on Reddit,