The Ethereum 2.0 staking contract is close to its target, having reached 96% of 524,288 ETH.

According to the latest data, the progress of the Ethereum 2.0 staking contract is encouraging. As of now, a total of 498,048 ETH has been deposited in the contract, which accounts for 96% of the minimum required 524,288 ETH to launch the Ethereum 2.0 Genesis Block.

This progress indicates that the Ethereum community is full of anticipation and support for the upcoming major network upgrade. The rapid growth of the staking contract reflects the confidence of investors and holders in the future development prospects of Ethereum.

It is worth noting that according to the development roadmap of Ethereum 2.0, the expected release date of the new version is set for December 1, 2020. The approach of this date has further boosted participation in the staking contract.

As the deposit limit for the staking contract gradually approaches the target, the Ethereum community is closely monitoring the situation. If the current trend continues, it is very likely that the launch conditions can be met before the scheduled release date, laying a solid foundation for the smooth launch of Ethereum 2.0.

This upgrade will bring significant changes to the Ethereum network, including a shift to the Proof of Stake (PoS) consensus mechanism, which is expected to significantly enhance the network's scalability, security, and sustainability.