ETH 2.0 is very close to the long awaited genesis of Beacon Chain, ConsenSys developer says
Ethereum developer core Ben Edgington suggests that things are getting very close to the highly anticipated launch of Phase 0 of ETH 2.0.
No tricks, but plenty of treats: your latest bumper edition of What’s New in #Eth2 is out!
Get all the #Ethereum 2.0 news at the usual place, https://t.co/97X85jdCzM
Find out if I’m foolish enough to predict the date of the deposit contract deployment ?
— Ben Edgington ⟠ benjaminion.eth (@benjaminion_xyz) October 31, 2020
“There was a large drop in participation when the Zinken network was launched (which was intended to be ephemeral), and many have not returned. This is the problem with unincentivised testnets: there’s no cost to abandoning.” Ben Edgington said.
The Medalla testnet for Ethereum 2.0 Phase 0 has been offline for several weeks due to insufficient validator participation. In order to function, the network needs 66% participation from validators staking 32 simulated ETH each. For most of October, it had less than 50% participation as testers grew weary awaiting the real thing.
“Medalla right now is highly unrealistic, and spending too much effort on optimising for its current state is unproductive.” Edgington added.
Blockchain firm Bitfly recently posted an update on the purge and replacement of inactive validators in order to resume testing.
Validator massacre has begun!
664 validators are now in the exit queue. ?Medalla should reach finality in approximately 2 days.
Follow the exit queue on https://t.co/wa8Yvd8HLC pic.twitter.com/0eWogmKgwd
— Bitfly (@etherchain_org) November 1, 2020
Edgington also advised waiting a while for those not totally confident in staking at the outset, so this may be the case for the majority of ETH holders initially.
Read more:
- Vitalik Buterin: Ethereum Is Gearing Up To Supercharge Its Throughput As Developers Continue To Work On ETH 2.0 Update
- The Medalla Testnet For The Phase 0 Of ETH 2.0 Was An Excellent Experience