Validator Launchpad For Ethereum 2.0 Final Testnet Released By Developers
The developers of Ethereum announced on Monday the launch of the launch pad Ethereum 2.0 Validator. The Ethereum research team had previously stated that it was working with Consensys “DeepWork Studio to build the launch pad. Testnet is fully controlled by the core team of Ethereum, not by third-party developers or third parties.
With the final testnet of Ethereum 2.0, which is scheduled for release on the 4th of August, developers have opened the door for validators for the first time.
For the research team, the main idea behind the introduction of the Testnet version is to develop the ETH2.0 validator to facilitate the development of a more secure and secure version of Ethereum for the final test network version.
As per the blog share on the 27th of July, the research team behind ETH 2.0 announced the launch of the Ethereum Validator Launchpad for the final test network on the 26th of July. The grid is part of the initial phase of the test network, while the network enters its final phase, after which the networks are switched to proof of stake or PoS.
The blog states that the launchpad is being released so that ‘you can track your wallet’s progress and make deposits’. We will continue our ongoing work on integrating the new features, such as multi-client support, and implementing a new wallet.
The Launch Proceedings
In the next phase, participants will be tracked to validate the test network and then test it again in the next few weeks. To verify the testnet, users must use at least 32 ETH to operate a validation node. ETH 2.0 coordinator Danny Ryan said Medalla started with at least 524,288 ETH in the first week after the introduction, with 16,384 validators at most.
However, it also concluded that if the testnet does not reach the minimum number of validators (at least 524,288 ETH) by the 2nd of August, it will start on the 3rd of August.
Trustnodes also reported today that more than 220,000 ETH deposits had been made, meaning that the testnet has the validator it needs to be ready for launch next week.
Pricing Before The ETH2.0 Surge
Ethereum’s blockchain trading volume has exceeded Bitcoin (BTC) for the first time in a year, and more users are resorting to DeFi tokens and stablecoins. While the share price of Ethereum (ETH) did not fully recover in the second quarter, the token followed the BTC’s share price in the second quarter, reaching a new annual high of $330 today. At the same time, Bitcoin has passed the $11,000 mark.
