Nice to see that Ethereum moves to Proof Of Stake (Finally). Pretty funny how everyone seems so hyped about that, even though it's a big move for the overall blockchain. I've been staking Blocknet for the past couple of months, and yield an average of 16% annually. That's not bad considered the coin itself jumped more than 300% lately, all thanks to their decentralized oracle network, and DEX! Great channel man, subbed!
It should go through a smart contract which accepts the ETH 1.0 and distributes the ETH 2.0 to the new becon-chain wallet, then essentially burns the old coins.