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Over $3.6b of ethereum ready for Beacon Chain staking

UltraSoundMoney data on May 20 shows that two million Ethereum (ETH), worth roughly $3.6b, is ready to be staked to further beef up the Ethereum network security. This sizable reserve has inspired fascinating hypotheses, including the prospect of using this Ethereum stockpile to carry out a 51% assault on the Bitcoin network. Hypotheses have also centered on the likelihood of the reserve being used to purchase more Bitcoin (BTC). To offer some background, a 51% assault is the acquisition by a person or organization of control over 50% of a blockchain network’s mining power or hash rate.



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