The Final Ethereum 2.0 Testnet to Be Launched on 4 August
One of the long-awaited network adaptations of Ethereum 2.0 has come to a step closer to launch, with a preliminary date for the final planned public test network announced. The message was shared on the Testnet Discord discussion forum by Ethereum 2.0 co-founder and co-founder Vitalik Buterin. The developer of Ethereum added that the final testnet would be released in a few days and the release of the last code of the platform in the next few days. Phase 0 of ETH 2.0 is currently running on Beacon Chain; the Genesis block created for Beacon Chain in April.
The Previous Month of Successful Testing
Phase 0 is the long-awaited upgrade to proof of stakes and will dramatically increase transaction speed. Stage 0 was one of the most successful test networks in the first two years of ETH 2.0 development. Users who put at least 32 ETH shares into the operation of a validation node can secure ETH 2.0 with a single transaction, unlike the current proof-of-work system that involves miners. During this first test network, known as Sapphire, Beacon Chain will operate with a smaller 3.2 ETH deposit with a maximum of 1 ETH per node. In May, 32 ETH nodes in the Topaz test network went online, and following this success, rewards were awarded for assignments.
Under Pressure Network Systems
The Onyx test network started in June and ran for a few weeks with a total of 32 ETH nodes and a premium of 1,000 ETH per day.
This multi-client test network coordinated with Altona went online on 29 July to ensure stability before the public test network could be introduced. The Prysm ETH 2.0 client was successfully audited last week by blockchain security auditing firm Quantstamp. At the weekend, a blog post by Prismatic confirmed that the developers are about to launch the final test network for the Ethereum 2.0 version of the client.
Ethereum is increasingly under pressure from the Bitcoin Foundation, the Ethereum Foundation, and other cryptocurrency enthusiasts. Ethereum is also facing increasing pressure from both the Bitcoin community and the mainstream media. However, gas and network charges have risen to record highs, exposing the platform to criticism from its critics. In the meantime, a solution based on layer two scalings could ease bottlenecks and bring gas prices back to sustainable levels. For Ethereum 2.0, it’s a lot in the long run, but it’s also a fascinating time for the Ethereum community.
