The Ethereum 2.0 developers announced that the final public testnet for Phase 0 of the project will finally launch this August 4.
The project launch coordinator Ethereum 2.0, Danny Ryan, published on the Testnet channel in Discord, that the public test network planned for Ethereum 2.0 will be launched sooner than expected, provided all the necessary conditions for this are clearly met. According to Ryan's publication, the estimated date is the earliest, and it is expected that the project's next multi-client testnet will be launched by August 4 in the afternoon.
Source: Discord
At this point it is good to remember that the development of Ethereum 2.0 began in 2017 and the new network was expected to be ready in 2019, however its release has been postponed on several occasions due to problems in its development, and even recently, it had announced the possibility that it would be postponeda until 2021. Now, Danny Ryan's message is a light of hope for the crypto community Ethereum, which renews interest and enthusiasm for the project.
This new step by the developers undoubtedly represents a higher level of consolidation for the Ethereum 2.0 project. In fact, there is talk that the closest launch date for the implementation of the new network in its Phase 0 could be November 4, this considering that the development team recommends a minimum of 3 months of testing necessary to implement the changes that are in testnet.
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The Ethereum 2.0 update is getting closer
Ethereum 2.0 aka > , is one of the most anticipated crypto projects by the crypto community. The new Ethereum network promises great and significant improvements for the system, among which are minimizing the energy cost and computational expense necessary to keep the network active.
In addition, Ethereum 2.0 promises to improve and increase the scalability of the network and allow greater user participation within it, since they will not need expensive mining equipment because the update will migrate the current Ethereum platform from the consensus protocol. Proof of Work (PoW) to the protocol Proof of Stake (PoS). String fragmentation techniques will also be implemented with this update (sharding) to guarantee better management and scalability of the blockchain by the new validator nodes.
When the team of developers presented the final proposal for Ethereum 2.0, it was proposed in 3 phases: Phase 0, Phase 1 and Phase 2. Since then, around February to date, the developers have been implementing several of the stages corresponding to the Phase 0 of the project, called Beacon Chain. This initial network will be in charge of managing the protocol Casper together with the shard chains (fragmentation chains) produced by sharding using a sidechain or side chain. The completion of Phase 0 is the official initial step towards the implementation of Ethereum 2.0 and the migration from PoW to PoS.
Previews of Phase 0: Beacon Chain
As the Beacon Chain is the phase where the participants and validators of the network are managed, the developers have been carrying out a series of tests focused on launching this participation network.
The first successful test, called Sapphire, allowed deposits of up to 3,2 ETH. Later the named test Topaz, allowed the integration and activation of 32 validator nodes in May, which began receiving rewards for keeping their coins staked within the network. The network continued these tests Onyx, which operated with a total of 20.000 validator nodes at the end of June. Finally, the testnet Altona, was the next to be implemented after Onyx, with the purpose of guaranteeing a higher level of stability in the network in order to implement the last stage of Beacon Chain, the public multi-client testnet.
The team's current development and advancement sets a favorable scenario for the successful implementation of ETH 2.0, as the final multi-client public testnet will allow Ethereum to start building better scalability, which is a much-needed feature today. , especially due to the recent increase in the price of Gas and the high cost of transactions on Ethereum. This last event is seen by many experts as a danger to the stability of the network, especially after the explosion and the great boom experienced by ecosystems and platforms. DeFi y DEX based on Ethereum.
A few days ago a discussion between Vitalik Buterin, co-founder of Ethereum and Justin Drake, developer and researcher of the platform, where Buterin stated that Ethereum 2.0 would be ready for the current year, while Drake pointed out that it would not be seen arriving until 2021 because the network would not be ready before those dates.
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