Ethereum deposit contract for ETH 2.0 is reportedly live on GitHub. So far, there has been no official confirmation from the lead developers of Ethereum regarding the news. Potential Bull Run For ETH in Coming Times While everyone awaits the official confirmation of the launch of the deposit contract, Consensys developer Ben Edgington earlier hinted at a possible launch in hours not days. The event was brought out to notice on Twitter by the team at Unfolded. ETH 2.0 deposit contract quietly appears on GitHubhttps://t.co/PiW0VR5X1m pic.twitter.com/uvBn8Z37iz — unfolded. (@cryptounfolded) November 4, 2020 However, lead Developer Danny Ryan previously announced that the release for the deposit contract will be delayed further, as all components must be 100% secure and work without any bugs. He says only then can a smooth start of Eth 2.0 be guaranteed, adding: “This library is critical to creating keys, signing messages. Critical, in early phases, [means]that if you use this library, they need to be secure; if you use it to generate your wallets, it needs to have good randomness; and if you are signing your deposits which have a signature associated, it needs to be correct.” Previously, the lead developers have warned strongly against fake ETH 2.0 deposit contracts. Although, if the recent deposit contract turns out to be authentic, it will drive towards a potential bull run for ETH. ETH 2.0 deposit contract on Github profile A profile by the name CarlBeek posted the Ethereum deposit contract on his Github profile. His profile history suggests that he had made quite a considerable amount of contributions to the Ethereum ecosystem since 2015. If proven to be valid, Ethereum would be ready for its Proof of Stake consensus that will enable anyone to stake with at least 32 ETH. The official confirmation would signify that the investors of Ethereum will accumulate ETH in the anticipation of staking via the full 32 ETH or staking pools. This will drive the valuation of Ethereum as a result of the high demand with consideration of crossing above $400.
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