Did the Eth 2.0 deposit contract just launch?

Published on by Cointele | Published on

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Excitement is stirring in the Ethereum community after the deposit contract was apparently posted on Github, however the lead developers are yet to officially confirm the deployment.

Ethereum developers have warned in the past about the danger of fake deposit contracts, so users should not send any Ethereum to the contract until after an official announcement.

Releasing the deposit contract on election night is Peak #Ethereum https://t.

Lead developers and community members had yet to post anything on their own Twitter feeds though ConsenSys developer Ben Edgington said earlier today the deposit contract deployment was a matter of hours away.

Despite the title, not everyone is convinced the code therein is actually for the full deposit contract.

Where is the deposit contract in this commit? This is mostly just wallet generation code and mnemonic import code?

The deposit contract is the precursor to Beacon Chain genesis, its job is to allow stakers to deposit 32 ETH in order to initiate the process of Phase 0 launch once enough has been staked.

Following Edginton's premature announcement in late October the deposit contract would be launched imminently, there was a delay in deployment as Ethereum 2.0 coordinator Danny Ryan wanted to wait for an audit on a performance and security-focused signature library called blst.

In the earlier update, the developer stated that the Beacon Chain genesis event would be just 6-8 weeks after the deployment of the deposit contract.

"Many fake deposit contracts and Launchpad front-ends will erupt in the coming days. Look out for the official announcements: do not send Eth to random contracts; this is not DeFi.".

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