- The core development team of ethereum is about to bring up a new upgrade, which is tagged “Ethereum 2.0”, a more scalable version of Ethereum, which is due to commence by summer 2020.
- The crucial aspect of this Ethereum 2.0 implementation involves shifting the network from a proof-of-work consensus to a proof-of-stake consensus one.
- Industry experts predict this could drive up the usage of Ethereum among potential investors, and the price of Ether could face a significant increase going forward.
Are investors thrilled about Ethereum 2.0 and staking? What about it actually excites them? Let’s take a detailed look!
As per the data provided by an Ethereum blockchain analytics company, the number of wallets holding at least 32 ETH has risen approximately 13% over the year after the major upgrade was announced. 32 ETH is the number of tokens you need to run an ETH staking node. And the number of Ethereum wallets with 32 ETH has already reached nearly 120,000.
On account of this, crypto exchanges are expected to offer staking services for the users, which means Ethereum holders will be able to deposit ETH with an exchange, which in turn, will stake their tokens for them.
This kind of enhancement creates a win-win situation for both the exchange owners and the investors, especially with an exchange platform like leverage exchange. How? Let’s see further, but starting with a quick glance at what leverage exchange means.
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What is leverage exchange?
Leverage exchanges are one of the most trending exchanges in the current market. This is because, unlike any other exchange, these exchanges allow investors to leverage an amount from the exchange, LARGER than the initial margin they deposit in the exchange account. This will help them expand their market positions exponentially and boost profits!
In simple terms, it is a known fact that the crypto market is volatile. Leverage/Margin exchange platforms make it possible for investors to turn profits in both the bear or bull crypto market by offering rational leverage ratios. The leverage ratios might differ from exchange to exchange, such as 20X, 50X, 100X, etc.
What does Ethereum 2.0 have to do with leverage exchange? What is the benefit?
As discussed earlier, the launch of Ethereum 2.0 is expected to cause a huge rise in ether’s price. Mr. Adam Cochran, one of the partners at MetaCartel Ventures DAO, stated in his blog that Ethereum 2.0 could bring up the largest economic shift in the society and is ready for a bull run.
Also, one of the key characteristics of Ethereum 2.0 is that you need to stake a minimum of 32 ETH in the wallet to run an ETH node, which puts investors in a position to buy more ETH. What could be a better fitting solution for investors to cope with the price rise, and also make favorable profits out of it than making use of a leverage exchange platform?
With an exchange trading platform such as a leveraged exchange, investors can commence trades efficiently and effectively without being prone to price fluctuation, by depositing a minimal amount and leveraging a large sum from the exchange. These factors help with better trading bets opportunities for investors intrigued by leverage exchanges.
Another key focus point of the Ethereum 2.0 upgrade is that it will have the capacity to exponentially increase the volume of transactions per second. This will enable high performance for the exchange and investors to perform multiple transactions simultaneously. More transactions = More profits and transaction fees for the exchange. This is how leverage exchanges obtain a win-win situation from this upgrade.
To put it in a nutshell
Ethereum 2.0 is expected to progress further and create an impact in the cryptoverse. It is expected to roll out in various stages, starting from 2020 until 2022. The primary idea behind Ethereum 2.0, is to bring in more scalability, security, improved transactions, transaction records asset ownership, et., in terms of ethereum usage. This has already begun to drive investors’ interest in investing in ethereum.
Also, as we discussed previously, the price of ethereum is set to rise significantly, to more than double, i.e., $1488 by the end of 2020. And the most ideal solution to make use of this profitable opportunity is through a cryptocurrency exchange platform with leverage. If you want to maximize benefits and profits for your business as well, carry out extensive research,, and choose the right platform!