ICYMI: Ethereum keeps reaching new milestones, with the number of validators approaching the 300,000 mark ETH $ETH
Several milestones have been reached ahead of Ethereum's full transition to proof of stake. The amount of Ethereum staked has been steadily increasing, and it now stands at 9,570,639 ETH.
Given that becoming a node validator costs 32 ETH, the number of validator nodes operating on the Ethereum network has increased and continues to do so as new nodes are added. The network's total number of validator nodes has now reached 299,085. A validator is a participant in the consensus of the Ethereum protocol., the Ethereum Foundation stated in January that the Eth 2.0 branding did not accurately reflect what was going on with the network during its round of updates.
Coinbase anticipates an increase in staking yields following the complete merger of the two chains, as rewards will now include fees that are presently paid to miners. The profitability of staking contracts will eventually rise as more rewards are delivered to validators.
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