46 - Vitalik Buterin on Why Proof of Stake?
Bankless
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Ethereum's Milestone: 524,288 ETH Staked
This chapter highlights the significant achievement of Ethereum reaching 524,288 ETH in its staking contract, marking a surge in community confidence in the proof of stake mechanism. It discusses critical elements of Ethereum 2.0's launch sequence, emphasizing network security and the importance of a smooth transition from Ethereum 1.0. The chapter also reflects on the anticipation and challenges of the upcoming launch, balancing cautious optimism with the realities of technical risks.
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