In the Ethereum 2.0 smart contract, which makes its depositors validators of the network, 6,805,325 5 ethers (ETH) are deposited, amounting to more than USD 21 billion -- more than the reserves of at least 120 countries.

Nearly 206 thousand addresses have deposited 6.8 million ETH, and each had to "lock" a total of 32 ethers in the smart contract.

According to the data provided by the World Bank, many Latin American countries are included among these nations. El Salvador, Cuba, Nicaragua, Bolivia, Ecuador, Costa Rica, Honduras, Paraguay, Venezuela, the Dominican Republic, Uruguay, and Guatemala all have reserves that range between USD 3 billion (El Salvador ) and USD 18 billion ( Guatemala )

APR is currently 6% and this figure is expected to decline as new validators add their ETH. 

While there's many higher interest yielding crypto products, most people staking ETH believe the token itself will soon explode in value, and view this as gaining an extra 6% while HODLing. 

Ethereum is up over 18% in just the last week.

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Author: Fernando Perez
Latin America Newsdesk

One of the biggest changes to Ethereum with Ethereum 2.0 is the introduction of staking - allowing people to now earn income from the coins they would otherwise have sitting in their wallet.

Staking ETH allows someone to become an Ethereum validator, what was once known as mining.  However, with the change to Proof Of Stake on the Etheruem 2.0 blockchain, mining is replaced by staking coins.

Current earnings estimate is 13.49% APR just from staking the Ethereum you would be HODLing anyway!

Typically You Would Need 32 ETH To Do This, But Not Here...

Staking good for the health of the Ethereum ecosystem. You help secure the network, process transactions, and like miners, earn rewards in the process.

Now you can bypass the 32 coin limit by Staking at KuCoin Exchange, where they will automatically team you up with other ETH holders to reach the 32 ETH requirement. 

Click here to join KuCoin and begin earning!

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Author: Oliver Redding
Seattle Newsdesk / Ethereum 2.0 Staking