Vitalik Buterin contributes 3,200 ETH to Ethereum 2.0's deposit contract address

The newly launched deposit contract address for Eth2 — the next-generation version of the Ethereum blockchain network — continues to grow, standing at 31,557 ETH as of press time.

3,200 ETH of that — worth roughly $1.3 million at current prices — was contributed by Ethereum creator Vitalik Buterin, according to EtherScan, which tracks the network's blockchain data.

When reached for comment, Buterin said he expects that the deposit contract will continue to attract people "as stakers get their coins out of cold storage, get comfortable with the tools and confident that the tools work and they're not accidentally throwing their coins away, etc." 

As for whether the deposit contract address will hit the requisite 524,288 ETH — constituting 16,384 validators — by December 1, the earliest date upon which the genesis of Eth2's Phase 0 can commence, Buterin struck a positive note but added: "There are not a lot of precedents."

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