Nearly four months after Ethereum’s Merge, data from Etherscan shows more than 16 million ether (ETH), worth nearly $22.38 billion, has been deposited into Ethereum’s Beacon Chain staking contract. reports.
– people that help run the Ethereum network – “stake” ETH for a chance to write and authenticate transactions to the blockchain’s ledger.
The staked funds get locked up with the network and accrue interest, but they will be impossible to withdraw until the network’sWhile the growing number of staked ETH can be interpreted as a promising sign for Ethereum security and adoption, it will no doubt ramp up pressure on the network’s core developers to expedite work to enable withdrawals.
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