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09
Aug, 2021

Over 200,000 Miners in Ethereum

Ethereum 2.0 is an ambitious project that expected to have more impact in the crypto world. At this moment, the network surpassed 200,000 miners, while more than 6.6 million coins have been staked in the network, worth total of $14 billion.

 

Especially during the last 3 months, more than 20,000 miners were added, waiting the official launch of Ethereum 2.0. The technology transfer from Proof-of-Work to Proof-of-Stake is expected to create more capabilities for existing miners while it will improve speed of transactions in the network.

 

We expect also to see the market reactions regarding Ethereum’s price as the core fundamentals will change. It is worth noting that Ethereum has moved above $2,500, showing ambitions for a new bull run.