@BOMBERuss 30 May 2022 more from that month

The number of #Ethereum coins blocked in ETH 2.0 stacking in anticipation of the network's transition to the Proof-of-Stake algorithm exceeded 10% of the issue on May 30, and amounted to 12.5 million #ETH or about $25.9 billion. Deposits were placed from more than 73 thousand addresses, according to dune.com , writes RBC Crypto. The transition of the Ethereum network to the Proof-of-Stake algorithm will take place in August of this year, the creator of the cryptocurrency Vitalik Buterin said earlier during the summit in Shanghai. At the moment, the Ethereum #blockchain is running on a Proof-of-Work (#PoW) consensus algorithm. The main difference between PoS and PoW is that in order to maintain the operation of the PoS #network, miners who generate computing power are not needed. To switch to the new protocol, the placement of 524 thousand is required . ETH in stacking. The current figure of 12.5 million ETH is over 2000% of the required amount.