Ethereum 2.0 beacon chain launches with over $400m staked

Ryan Daws is a senior editor at TechForge Media, with a seasoned background spanning over a decade in tech journalism. His expertise lies in identifying the latest technological trends, dissecting complex topics, and weaving compelling narratives around the most cutting-edge developments. His articles and interviews with leading industry figures have gained him recognition as a key influencer by organisations such as Onalytica. Publications under his stewardship have since gained recognition from leading analyst houses like Forrester for their performance. Find him on X (@gadget_ry) or Mastodon (@gadgetry@techhub.social)


Decentralised computing platform Ethereum has successfully launched its beacon chain for 2.0 with supporters currently staking over $400 million.

Ethereum 2.0 pivots the world’s most popular decentralised app platform to a faster and more efficient Proof-of-Stake consensus.

Developers are building innovative new applications for just about every industry—but there’s one that Ethereum has become synonymous with, decentralised finance.

Ethereum is now the global settlement layer for ~$1 trillion in digital assets on the decentralised web. This monumental growth hasn’t come without its problems, with slow transaction times and high fees becoming regular issues.

The beacon chain for Ethereum 2.0 launched today is part of ‘Phase 0’ of an expected multi-year rollout that should one day see the network processing around 100k transactions per second.

Fortunately, it won’t take multiple years for scalability to be addressed and innovations for Ethereum 1.0 should be sufficient for some time:

Some of Ethereum’s rivals have already delivered faster transaction speeds but at the cost of decentralisation. The so-called “trilemma” in blockchain development is that trade-offs between speed, decentralisation, and security must be made.

Ethereum is focused on being decentralised as there are already plenty of fast and secure centralised platforms to choose from.

While plenty of “Ethereum killers” have emerged, none have come anywhere close to stealing the crown. Ethereum simply has multitudes more developers and daily active users than any other decentralised platform.

The Ethereum 2.0 beacon chain launched with more than 21,000 validators around the globe and over 674,000 ETH staked. For a six-year-old project, the growth, community, and excitement around Ethereum is astounding.

Perhaps more importantly, real-world companies are building on, exploring, or supporting Ethereum—including large multinationals like Microsoft, Intel, Accenture, and others that just a few years ago most would never have expected.

Ethereum is also gaining traction as a currency and investment asset. While Bitcoin is the leader in mainstream recognition – and currently has more store-of-value properties – several SEC-reporting Ethereum ETFs have appeared this year.

We look forward to seeing what decentralised app developers build in the coming years. An Ethereum-based peer-to-peer stack for collaboratively building software even launched this week.

Interested in hearing industry leaders discuss subjects like this? Attend the co-located 5G Expo, IoT Tech Expo, Blockchain Expo, AI & Big Data Expo, and Cyber Security & Cloud Expo World Series with upcoming events in Silicon Valley, London, and Amsterdam.

Tags: , , , , , , , , , ,

View Comments
Leave a comment

One comment on “Ethereum 2.0 beacon chain launches with over $400m staked

Leave a Reply

Your email address will not be published. Required fields are marked *