$ 33.5 billion worth of ETH 'wrapped' in bigger deal than Ethereum

A typical ETHereum fiat-to-money contract has 8,641,954 Ether (ETH) worth up to $ 33.5 billion, an unrealistic amount at this time because ETH cannot pay or send.

A Twitter user mentioned the Beacon Chain contract, claiming it was the biggest bundle of Ethereum contracts "worth millions of dollars owed to ETH.

“Big news: 8,641,954 ETH ($ 32 billion) shipped in the largest Ethereum contract and unusable or unusable. A hard fork is needed to fix this problem, however. But the hard fork code has not yet been written or timed. "

-Thomas Strolite | I'm not happy with your business (@TomerStrolight) 2021 年 12 月 14 日

The contract is for the Ethereum 2.0 beacon chain contract from November 2020. Without a fork, the interior of ETH could not be moved.

What is even more surprising is that the circumstances of the tough competition have yet to be defined and those who put ETH in the contract know the truth. When the beacon chain is connected to the Ethereum mainnet, the power curve can be determined.

The Beacon Chain is an important first step in Ethereum's transition from PoW approval to PoS approval. To become a guarantor of Eth2, traders must commit to at least 32 ETH. So the $ 33.5 billion worth of ETH in the new contract indicates high demand and confidence in Eth2 going forward.

In December, Ethereum developers asked community members to test their integration with PoS-based Eth2. The experimental phase is divided into three phases: non-tech users, developers with little knowledge of blockchain, and blockchain developers with deep knowledge and experience. .

The integration of the beacon chain into the Ethereum mainnet completes the transition to PoS Eth2. Eth2's official Ethereum.org page says the merger could be completed in Q1 or Q2 2022.