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Term

deposit contract

Definition

The gateway to staking on Ethereum. The deposit contract is a smart contract on Ethereum that accepts deposits of ETH and manages validator balances. A validator cannot be activated without depositing ETH into this contract. The contract requires ETH and input data. This input data includes the validator public key and withdrawal public key, signed by the validator private key. This data is needed for a validator to be identified and approved by the proof-of-stake network.
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