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Ethereum Proof-of-Stake Contract Now Holds Over Half of Total ETH Supply

For the first time in its 11-year history, Ethereum’s staking contract address has surpassed holding 50% of the total ETH supply, marking a milestone in network participation.

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Summary

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Terms & Concepts
  • Proof-of-Stake: A blockchain consensus mechanism where validators secure the network by locking up cryptocurrency instead of using computational power.
  • Staking Contract: A smart contract (self-executing blockchain code) designed to manage and record the locking of cryptocurrency for staking purposes.
  • ETH Supply: The total amount of Ether, the native cryptocurrency of the Ethereum blockchain, available in circulation.