The ETH Deposit Contract 2.0 collected the required amount of ETH for the network launch

The first phase of Air 2.0 will begin on 1 December.

Air 2.0’s deposit contract has collected the 524,288 ETH needed to launch Beacon Chain. Bitcoin Profit will form the basis for further deployment of the Ekaterinburg Air 2.0 network.

According to Ethereum.org, the airtime in the deposit contract exceeded 524,288 ETH around 5:30 a.m. on 24 November. At the time of publication, 605,632 ETH has been transferred to the contract.

The number of deposits into the contract has been growing rapidly since 20 November. The air price has also risen strongly in recent days, exceeding the $600 mark.

A key feature of ETH 2.0 is the move from Proof-of-Work to Proof-of-Stake.