About Beacon ETH
BETH is a tokenized asset representing Binance user's staked ETH at a 1:1 ratio, with Binance distributing staking benefits in the form of BETH on a daily basis. During the lock-up period, which may take 2 years or even longer, users will not be able to redeem their ETH. As such, Binance have launched the BETH/ETH trading pair as our solution to this liquidity problem. When ETH 2.0 goes live, users will be able to swap their ETH back based on their BETH holdings.
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Market Stats
Market Cap
$343.43M
FDV
$343.43M
Circ. Supply
101K BETH
Max Supply
Not enough data
Total Supply
101K BETH
Diluted Valuation
$16.57M
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$10.32M
17.37%
Volume (7D)
$65.07M
Volume (30D)
$229.11M
All time high
$5.13K
Price Change (1Y)
13.16%
Additional details
Market details
BETH vs markets
↘ 17.97%
BETH vs BTC
↘ 15.89%
BETH vs ETH
↗ 3.19%
Tags
defi
eth-staking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x250632378E573c6Be1AC2f97Fcdf00515d0Aa91B |
Price history
Time | Price | Change |
|---|---|---|
Today | $3,570.68 | ↗ 3.33% |
1 Day | $3,436.83 | ↗ 3.33% |
1 Week | $3,994.39 | ↘ 10.91% |
1 Month | $4,657.25 | ↘ 23.41% |
1 Year | $3,152.04 | ↗ 13.16% |
FAQ
Beacon Chain is the network that introduces staking/locking of digital currency with the help of network nodes to the Ethereum blockchain. In fact, Beacon Chain is the core of the Ethereum 2.0 chain. As the whitepaper suggests, Ethereum 2.0 is in three phases. Beacon Chain is phase zero, which is a validator address.
The Beacon chain manages a consensus algorithm, i.e., proof-of-stake (POS) protocol, for itself and all the shard chains. Shards are the independent smaller portions of the split blockchain network. Shard chains are subset nodes that validate and process transactions with virtual miners and validators assigned to the shards. Thus, the Beacon Chain aims to conduct and coordinate the expanded network of shards and stakers.
The Beacon Chain is a foundational component for the secure, sustainable, and scalable Ethereum network. The ecosystem intends to introduce staking and become a validator, and then a miner, to secure the chain through PoS mechanisms. Moreover, the ecosystems seek to set up shard chains on PoS to increase the network's capacity and improve transaction speed.
The primary responsibilities that Beacon Chain aims to attain are:
Beacon ETH is a phase of the Ethereum 2.0 version; therefore, the team behind Beacon is the same as Ethereum.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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