This article comes fromBitcoin.com, original author: Jamie Redman
Odaily Translator | Nian Yin Si Tang
Summary:
, original author: Jamie Redman
Odaily Translator | Nian Yin Si Tang
secondary title
As Ethereum’s transition to proof-of-stake (PoS) draws closer, the network’s hash rate is once again hitting new all-time highs. Today, the amount of Ethereum 2.0 contract pledges is close to 13 million Ethereum, worth $22.9 billion as of press time. Meanwhile, the growing $22.9 billion in Ethereum won’t be unlocked until another upgrade is implemented after The Merge, according to a DeFi analyst.postsecondary title
Ethereum 2.0 contract locks close to 13 million ETH, DeFi analyst says merger will not be a negative price catalyst
This $22.9 billion in ETH is locked and may not be liquid for a long time. This means that once 32 ETH are deposited, funds will remain locked until plans for a post-PoS transition are coordinated. Just recently, DeFi educator Korpi published a
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, talked about the speculation that "12.7 million ETH will be unlocked and sold immediately after the merger"."I've noticed some people think that the merger is a negative price catalyst because there will be a lot of ETH unlocked - but this is wrong." Korpi explained on Twitter, "Staked ETH will not be unlocked on merger. Merger does not Withdrawals will be allowed. This is another Ethereum upgrade plan that will take place 6-12 months after the merger. In other words, whether it is pledged ETH or pledge rewards, they will not enter circulation for a long time.”He further added: “The unlocked ETH will be released slowly. Even if withdrawals are enabled, all the ETH will not be immediately available. In the worst case, it could take more than a year, and in a more realistic scenario, It could take months. The release will be slow."secondary titleJust on June 4th, at block height 14,902,285, the Ethereum hash rateexpress——132 PH/s. And at the end of May, ETH transaction fees hit a new highconfirmed10-month low
, transaction costs fell below $3. At the recent Permissionless conference, Ethereum software developer Preston Van Loonexpressconfirmedexpress, Ethereum 2.0 is currently undergoing final network testing. If all problems are resolved, the merger may take place as early as August, but if other conditions arise, it may also happen in September or October.
experienceintroduceThese types of issues can cause PoS transition delays. In this regard, encryption researcher Barnabé Monnot published an article analysis
express
, this situation will not happen after Ethereum implements PoS. Reorganizations highlight a failure case of dynamically available chains that are theoretically possible but practically unthinkable, just as long-term reorganizations are possible in proof-of-work but rarely seen in practice (unless is a hostile act). It must therefore be recognized that the contributing factors to the present restructuring are purely accidental. If all validators were running the same configuration, the problem wouldn't happen, especially not after the merge. Because all validating nodes must undergo a hard fork before merging, otherwise they will be completely excluded from the consensus.
