The current Ethereum network runs a Proof-of-Work (PoW) consensus algorithm, this is how it validates transactions and includes them in the blockchain. The plan was always to move to a Proof-of-Stake (PoS) consensus algorithm which would solve the scalability issue and is more eco-friendly as it requires much less electricity.
After years of development, the ETH 2.0 deposit contract was released on November 4th. This was the start and would initiate the birth of the beacon chain or Phase 0 of the Serenity upgrade. In order for that to happen, the requirements were:
- 525,288ETH deposited into the contract
- 16,384 Validators
The funds deposited into the contract are staked, and each participants is required to deposit no less than 32 ETH. The staking reward the validators are earning comes to around 20% APY on deposited funds. The other side of the coin is that it's a one-way street; no funds can be withdrawn from the contract until Phase 2 which is the last development phase of Ethereum 2.0 and that could last a few years.
Long-term Ethereum believers did not disappoint and have staked close to 700,000 ETHs into the contract which right now is valued at over $400,000,000. In fact, a Dubai-based investment group staked $10,000,000 alone last week.
Genesis
As the requirements were meant before the 24th of November, the beacon chain will be created on December 1st at 12:00UTC. This is called the Genesis event, where the first block will be produced for the novel chain.
Get winning crypto tips in 5 minutes a day
Login or upgrade to Cryptonary Pro
Pro
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
$799
For your security, all orders are processed on a secured server.
What’s included?
24/7 Access to Cryptonary's Research team who have over 50 years of combined experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily Market Updates that cover the real data that shape the market (Macro, Mechanics, On-chain)
Curated list of the most lucrative upcoming Airdrops (Free Money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
