The value of Ether held in the Ethereum 2.0 network rose to a record $13.52 billion on Monday ahead of the launch of the proof-of-stake system, according to Markets Insider.
- Investors are getting excited over the launch of the proof-of-stake network, which replaces the proof-of-work system.
- Ethereum network users have now staked at least 6.1 million Ether, up from 5.3 million last month
- Ether investors under a proof-of-stake system will be able to validate transactions and earn more tokens on the network after staking coins as down payment.
- JPMorgan expects the changes in the Ethereum network to avail opportunities to investors in the crypto industry.
The proof-of-stake Ether is expected to launch in late 2021 or early 2022 and will solve the problem of massive computing power under the current proof-of-work system.
ETHUSD is down -4.28%.