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Ethereum Beacon Chain Reaches 18 Million ETH with Total Value of Almost US $30 Billion

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On February 28, according to the data on the official website of Ethereum, the current pledge amount of Ethereum beacon chain has exceeded 18 million ETHs, rea…

Ethereum Beacon Chain Reaches 18 Million ETH with Total Value of Almost US $30 Billion

On February 28, according to the data on the official website of Ethereum, the current pledge amount of Ethereum beacon chain has exceeded 18 million ETHs, reaching 18010643 so far, and the total number of verifiers is 529670. According to the current ETH price, the total value of the pledge of the Ethereum beacon chain is close to US $30 billion.

Data: The pledge amount of Ethereum beacon chain exceeded 18 million ETHs

Analysis based on this information:


The message discusses the current status of Ethereum’s beacon chain, a Proof-of-Stake (PoS) blockchain that runs parallel to the existing Proof-of-Work (PoW) mainnet. According to the official Ethereum website’s data on February 28, the current amount of Ethereum pledged to the beacon chain has exceeded 18 million ETHs, with a total number of verifiers at 529,670. The current ETH price is also taken into account, and the total value of the pledged Ethereum on the beacon chain is estimated to be close to US $30 billion.

This news is significant because it showcases the growing enthusiasm and interest behind Ethereum’s move from PoW to PoS, as well as the support for the beacon chain’s development. PoS is a consensus mechanism used in blockchain technology where validators put deposited cryptocurrencies in order to verify transactions and add blocks to the network. This is a greener and more efficient alternative to PoW, which relies on high-powered computers solving complex mathematical problems and consuming a great deal of electricity.

The increase in the number of ETHs being pledged highlights the adoption and belief in the Ethereum protocol, as well as the potential benefits of a PoS system. The number of verifiers also points towards a growing community that is willing and able to participate in the beacon chain network, which is necessary for the system to operate efficiently and transparently.

The estimated value of the pledged Ethereum demonstrates the considerable value that the decentralized finance (DeFi) ecosystem has accrued using Ethereum, which has a market capitalization of over US $150 billion. It also illustrates the amount of money that is being shifted towards PoS as more validators join the network and contribute to its security and functionality.

In summary, the message presents the current state of the Ethereum beacon chain, revealing the growing amount of Ethereum being pledged, the rising number of verifiers, and the overall estimated value of the system. The news is significant as it highlights the potential benefits of PoS and the trend towards more sustainable and efficient blockchain technology.

In conclusion, the keywords that summarize the message are Ethereum, beacon chain, pledge, verifiers, and ETH price.

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