Satking Ethereum 2.0 got off to a slow start as many predicted that it would not hit its target on time.
A week after Beacon Chain’s origins, there are now over 1.2 million ETH locked in contract deposits.
As Vitalik Buterin himself notes, this is 230% above the minimum 16,384 validators and represents more than 1% of the entire Ethereum supply.
According to Ethereum 2.0 Launchpad, there are currently a touch of over 1.21 million Ether stored, generating approximately 14.2% annualized yield percentage for shareholders. Beaconscan reports that there are 26,905 active validators currently. This industry analyst has studied the first thousand ages in depth;
Ethereum Long Term Lockout
The successful staking and timely launch of Phase 0 of the ETH 2.0 upgrade has been a testament to investors’ confidence in the future of the network.
Any ETH stored on the Beacon Chain will remain locked for over a year and cannot be accessed until Phase 1.5 combines the new blockchain with the existing ETH 1.0 chain. All transactions, smart contract operations and decentralized applications will still run on the original ETH 1.0 chain until the merger, which is likely to occur in 2022.
Highest reward for early players but will decrease as more ETH is added to the platform. Additionally, 2022 is likely to see the emergence of delegated staking services where small amounts of ETH can be staked easily. Major exchanges like Coinbase and Binance are already gearing up to launch staking services that make it a simple process for ETH holders.
Issuance will also decline over time and the ETH 2.0 economy ensures that those who hold and stake it now are in for a big profit in the future, especially when prices are bound to rise due to increased demand.