The Shanghai Hard Fork— Upgrade which is scheduled to happen in March, 2023 unlocks staked ETHEREUM. Since 2020, 15.9 million $ETH has been blocked. This is $20.1 billion or 13.2% of all Ether’s Cryptocurrency in circulation. On Jan. 11, 2023, Ethereum developers launched a new testing network for the Shanghai upgrade.
The developer’s new testing environment is called “devnet 2” as it follows “devnet 1” released in Nov. 2022. The new testnet was discussed briefly during the All Core Devs (ACD) meeting held on Jan. 5, 2023.
Beaconscan.com indicates that as of Jan. 15, 2023, roughly 501,215 validators were recorded on the Ethereum blockchain. On the same day last year, there were approximately 282,249 $ETH validators, which means the count has increased by 77.58% over the last 12 months. On the day of The Merge, there were 428,438 validators, and today the number is 16.99% higher.
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Ethereum core developers stressed that the focus remains vigilant on staked withdrawals. It has been 123 days since the Merge to Proof of Stake, the point in time when the Ethereum blockchain transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network.
The transition meant that instead of miners and ASIC devices verifying transactions, Ethereum validators now handle the verification of onchain transactions on the main layer.
Following the release of devnet 2, the next day the network crossed a milestone with more than 500,000 validators, according to statistics from beaconscan.com.
In order to become a validator, an individual or organization must physically manage a validator client on the Beacon Chain and hold 32 $ETH. According to Jan. 16, 2023, Ethereum $ETH exchange rates, the cost to be a validator with the 32 Ether price alone would be just over $50,000 ~ N32,3 million in Nigerian currency.
What do you think is more likely to happen to Ethereum’s Price Action—Bullish driver for Ethereum or return to pre-FTX crash prices? Who knows, we might even see it hit $1.6K/$ETH?
Pokee.eth’s 69 DeGodsNFT Buy brings FOMO on Solana NFTs
DeGodsNFTs are trending and creating buzz on NFT Twitter, it only took Pokee.eth’s 69 DeGodsNFT floor sweep to put the former notable Solana NFT giant above BAYC and other Ethereum’s bluechip NFTs on trading volumes and traction’s with Yugalabs degenerates seeing it as early BAYC vibes of 2021.
In November, DeGods and Y00Ts NFTs announced its readiness to switch chain from Solana Blockchain to the Ethereum mainnet owing to the deteriorating shifts created by SBF/ FTX and Alameda Research Implosions.
About a week ago, Pokee Pandaa- Pokee.eth made a tweet asking the DeGodsNFT Community about if he should sweep 69 DeGodsNFT in return for 1,000 Retweet’s and Likes within 24 hours, apparently he’s request was granted within hours, which led to him purchasing 69 DeGodsNFT amounting to 38,327 $SOL ~ $919,848 with transaction fees, that’s N685,286,760 in Nigerian currency.
W 69 degods sweep ? @frankdegods @DeGodsNFT @DeGodsAsia @kevindegods @MagicEden @ChartFuMonkey pic.twitter.com/t5sOEEwWYU
— Pokeee.eth (@pokeepandaa) January 16, 2023
FrankDeGods, Social Experimentalist and Creator of DeGodsNFT and Y00Ts rallied on the community to prove itself as a united front, so more investors like Pokee.eth could onboard the project.
Son I had to ask for a PoF (Proof of Funds) and he came through not just with the funds but with the 69 DeGodsNFT floor sweep.
The average price for a floor DeGodsNFT is currently trading on OpenSea at 999 $SOL meaning Pokee.eth is currently seating on approximately 68,931 $Sol ~ $1.6 million worth of DeGodsNFT investment that’s if we are to consider all 69 was purchased as floor DeGodsNFTs.
CryptoKaleo wrote on Twitter: Whether you realize it or not, the next mini NFT bull market is here. All of the necessary catalysts are in place, and the fuse to ignite the rally has already been lit.
(1/12) Whether you realize it or not, the next mini NFT bull market is here.
All of the necessary catalysts are in place, and the fuse to ignite the rally has already been lit.
Here's why:
— K A L E O (@CryptoKaleo) January 16, 2023
Can you spend much funds on JPEGs [NFTs] if you’re seating on a huge dollar reserves?