Ethereum has made significant strides, especially thanks to the success of Zinkel Testnetlaunched last week.
Ahead of the launch of the mounts Ethereum 2.0 Phase 0 one of the developers of the project, Ben Edginton, made more assumptions about the progress of the project, as well as a possible launch date. According to renewalprovided by Edginton, the expected migration of the Ethereum network from its current Proof-of-Work mechanism to a scalable mechanism Proof-of-Stake will happen in 6-8 weeks.
He noted that consistent use of the Prysm Client network puts tremendous pressure on the network and encourages users to use other clients. The developer has also provided an extensive update regarding the changes made to Ethereum 2.0 after the release of v1.0.0 of candidate 0. The Ethereum 2.0 developer noted, among other things, that Genesis's latency on the network will now be one week, which means that the Genesis State will be known at least one week before the chain is launched.
Other updates include a fourfold increase in the inactivity rate, which means the non-completion penalty has been reduced to give users more than necessary confidence that the network will run into problems due to an unforeseen event.
In addition, the minimum penalty for reduction has been reduced to 0,25 ETH, a measure Edginton said is temporary, and the percentage of reduction one will suffer if others are reduced has been reduced to one-third, another temporary measure as Edginton emphasized. The latest update disclosed is the data voting period for Eth 1, which has been doubled and will last 6-8 hours after making a deposit and participating in the beacon chain.
Ethereum 2.0 launch date as received from the developer
Ben Edginton, developer of Ethereum 2.0, noted that periodic deployment of testnets is boring for people, and once again emphasizes the need for an early launch of the Ethereum 2.0 network.
According to him, there are still two configurations that need to be improved, and one important is related to the deposit contract, about which he expects news in the coming days. However, he noted that the deposit contract will be finalized and ready in about two months, and will be immediately replaced by Beacon Chain. He ruled:
“In principle, as far as I understand, everything is in order with us: the deposit agreement in the coming days; genesis of the lighthouse chain after 6-8 weeks. (This is not an official statement!). Until then, be careful. Many fake deposit contracts and Launchpad frontends are coming in the coming days. Watch for official announcements: do not send Eth to random contracts; it's not DeFi. "
The project has seen significant success, especially thanks to the success of the Zinkel Testnet launched last week. Further progress is expected, and the cryptosphere is looking forward to the launch of ETH2 as it represents a solution to the scalability issues as well as the high gas charges currently being faced.