Big Day for Ethereum 2.0 is here, the beacon chain is launching and Coinbase supports ETH 2.0 staking rewards

Big Day for Ethereum 2.0 is here, the beacon chain is launching and Coinbase supports ETH 2.0 staking rewards

Today, all cryptocurrency enthusiasts are paying particular attention to one event, which is the official launch of the Ethereum 2 network.


1 Dec 2020 , 12:29 @ Matey Salt

Big Day for Ethereum 2.0 is here, the beacon chain is launching and Coinbase supports ETH 2.0 staking rewards

Today, all cryptocurrency enthusiasts are paying particular attention to one event, which is the official launch of the Ethereum 2 network.

Etherum 2.0 begins its first phase today, the launch of the Ethereum Beacon Chain. The PoS Beacon Chain is officially the first phase of a total of six that are part of several annual upgrades to Ethereum 2.0.

The founder of Ethereum, Vitalik Buterin, is not hiding his enthusiasm and informed that at the time when the beacon chain was launched, the PoW difficulty of the ETH network had reached the new ATH.

At the time of launch, the second most visited (in October) crypto exchange Coinbase also came with a big announcement, which informs through its blog that it intends to support ETH2 through staking and trading.

In this way, Coinbase will allow trading between ETH2 / ETH and all other supported currencies.

According to the latest information, there is only one hour left until the official launch of ETH 2.0.

Read also: Ethereum’s Hash Rate has risen 90% since the beginning of the year and is heading for the new ATH

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