Deposits (6 of 9)

Deposits into Ethereum's Eth2 contract are hosted by 0x0000000021[...]. It is the onboarding process to become a validator on Eth2 (see Original 3 of this series). Beginning in late 2020, 32 ETH deposits were required for each validator, and of course participants could deposit many such amounts, thus implementing many validators on the future Eth2 upgrade. Within a couple of months, millions of ether flowed into this contract, gradually reaching 2% of all ether in existence. This original depicts this process from a sample of several hundred depositors. The size of the nodes reflect the total number of 32 ETH units deposited into the Eth2 contract, and the symbolic pool expanding at its base is directly locked into the data -- zooming in on the PDF, one can see the amounts in deposited ether at approximate time intervals of a few weeks. By the end of this data sample, illustrated by the outer blue circle, by late January 2021, over 2% of all ether (almost 3,000,000 ETH) had been deposited. As noted in Original 3, the Beacon chain was deployed in December 2020, and thousands of these validators were brought on board and began the process of PoS-based validation of epochs. The green nodes are among the first validators on Eth2. Zooming in shows the first few characters of their wallet or contract addresses (such as of Eth2 staking pools).

This original uses thousands of transactions from Eth2 depositors into the Eth2 contract. Nodes are depositors and their size reflects how much ether had been deposited by each. Nodes are arrayed on a circular graph folded onto itself and jittered. Edges reflect the many deposits, and lines shown are numbered proportionally for each depositor's on-chain data. The blue pool of expanding deposits has its radius locked onto a cumulative sum of ether put into the contract, ending at its outer ring with over 2% of all ether. With Original 3 and this Original 4, we see depicted the future of Ethereum -- the promise of orders of magnitude scaling in transaction throughput, and a digital ledger that is sustained by its own PoS algorithm that runs on skin in the game. We await its future.

- 9 editions
- Square, high-quality JPG (linked in unlockable content)
- Scalable vector-quality PDF (linked in unlockable content)

Ethstory, Original 4 in Series 4: "0x00000 (Transforming)"

Prior series depict Ethereum's dynamism. Ethereum will transform yet more. An upgrade is now underway -- Eth2 -- the major transformation of Ethereum sometimes known as "Serenity." While Ethereum's developer community continues to innovate and expand on top of Eth1, in parallel teams of developers are beginning to implement and test Eth2. Both agendas continue to transform what is possible on Ethereum and blockchain. This is the final series of Ethstory. It is, approximately, where the story of Ethereum is at the time of this writing (mid 2021). The originals here depict this further transformation. All are based on actual data, structured and laid out in a manner that produces visuals that relay this future significance.

This NFT is made to honor the original painting.

Visit website origineth.us to claim rewards

Owning this NFT indicates that you can claim ENS rewards. For more information, visit https://www.enstoken.io

svante.eth

Etherscan

"ethEra for DeFi" Special Edition digital collectible for DAI BACKSTOP SYNDICATE Made by Nelly Baksht with ♥ for the DeFi community

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