The exchange rate of Ether renewed an all-time high, crossing the $1500 mark. This was influenced by the news that ConsenSys and Securosys are collaborating to improve the security of stacking in Etherium 2.0.
ETH reached $1500 today, but couldn't stay above that level for long, dropping to $1464. However, there are no obstacles for the resumption of growth. Amid the surge in the value of ether, the market capitalization of this cryptocurrency is approaching $170 billion.
The previous record high for ETH was set on January 19, when the coin reached $1440 due to information about the upcoming Berlin hardfork, aimed at improving the current Etherium network. At the beginning of January, ether was at $730, and in just one month it managed to double in value.
This time, the ETH price rise was influenced by news of a collaboration between ConsenSys, a company working on the development of the Etherium ecosystem, and Securosys, a cybersecurity specialist. They have begun working on a secure staking method in Etherium 2.0 that allows crypto-asset keys to be created in Securosys' security hardware modules using the Codefi Staking API.
With Codefi Staking, users can move ETH into the Beacon Chain, the signaling chain of Etherium 2.0. Users' keys will not be managed by Codefi or Securosys - Stakers will be able to own and control the keys themselves. To validate transactions in Etherium 2.0, network participants will need to start stacking and create these keys.
"By interfacing Codefi with Securosys' security hardware modules, we will provide our customers with the highest level of security in the transition from Etherium 1.0 to Etherium 2.0," said Codefi Staking product development director Kuhan Tharmananthar.
According to the Dune Analytics platform, 2,877,986 ETH worth more than $3.7 billion have already been locked into the Etherium 2.0 deposit contract.