Ethereum 2.0 staking contract meets the standard, Genesis Block is expected to launch on December 1.

According to the latest data from the Ethereum blockchain explorer, the Ethereum 2.0 staking contract has reached the minimum requirements needed to launch the Genesis Block. The amount of Ether deposited in the contract has exceeded 524,288 coins, and the achievement of this important milestone means that the Ethereum 2.0 network is expected to launch as scheduled on December 1.

This development marks a key step in Ethereum's transition to a Proof of Stake (PoS) mechanism. The successful filling of the staking contract not only demonstrates the community's confidence in Ethereum's future development, but also provides strong support for the network's security and level of decentralization.

As the launch conditions are met, the Ethereum development team and community members will closely monitor the upcoming technical preparations to ensure a smooth transition of the network to version 2.0. This upgrade will bring higher scalability, security, and sustainability to Ethereum, and is expected to address some of the challenges currently facing the network, such as high transaction fees and network congestion.

For participants in the Ethereum ecosystem, this is an exciting time. With the upcoming release of version 2.0, we may see more innovative applications and services emerge on the improved network, further driving the development of decentralized finance (DeFi) and other blockchain applications.