Ethereum 2.0 to launch on December 1

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Updated September 21, 2022 | Published November 24, 2020

2 mins read

The catalyst event was the transfer of 524,288 ETH from 16,384 validators through the ETH 2.0 deposit contract.

It green-lit the adoption of a wider upgrade that will see the Ethereum ecosystem deal with persistent issues such as congestion, high fees, and poorer experience.

The so-called ETH 2.0's beacon chain genesis is expected to take place on December 1, which is the earliest possible date for the event.

However, holders will not be able to cash out their funds until the event has reached Phase 1.5, with many parties waiting on the sidelines to see what will follow.

Despite scepticism, the community has rejoiced that there have been enough members willing to temporarily sacrifice liquidity to take the ecosystem to the next level. This will be big for casino players who have been happy to bank using Ethereum but somewhat miffed of late due to steep fees.

Now, none of this is something players will have to worry about. From Bitcasino.io to 1xBit, players will be able to enjoy swift and low-cost transfers once again. To find out how great that is, open your own casino accounts and bank with Ethereum.

Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
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