Ethereum 2.0 developer: Reveals launching date as well as the future design

Justin Drake, the researcher at the Ethereum Foundation and Ethereum 2.0 contributor, proposed the expected release date of Ethereum 2.0 in 2020. As the debate revolved around this issue, the issue was not cooled, in a recent episode of the Into The Ether podcast of EthHub.Io, Paul Hauner, who is contributing to the LightHouse ETH2 client written in Rust, discussed the design of Ethereum 2.0 as well as its launch prospects.

Will Ethereum 2.0 launch date be July 30 or in Q1 2020?

According to Drake, on the fifth anniversary of the launch of the Ethereum Blockchain, July 30, 2020, we should release Ethereum 2.0 – the new version of the Ethereum network is being developed at this time. However, the main reason Drake chose this day was that he used the only indicator: Three months of reliable operation for a multi-client testnet.

Drake expects this testnet to be rolled out in Q1. Therefore, the official version may be released as early as in the second quarter.

He said:

“We will consider releasing the second quarter as soon as possible.”

Ethereum 2.0: Decentralized more, more secure, faster

In other happenings, Hauner revealed that libp2p would be the leading technical resource for Ethereum 2.0 instead of devp2p. Although very young, libp2p is one of the advanced toolkits for decentralized systems such as Polkadot, Substrate, or IPFS-based projects.

Regarding security, Hauner explained the concept of ‘attestation.’ Attestation acts as a certificate of system status in a specific time; such certifications will be put into new Ethereum blocks. It will upgrade the system’s anti-attack capabilities and reduce the ability of malicious validators to damage consensus.

Speaking of ETH2’s public testnet process, Hauner revealed that 16,000 users are currently validating their transactions. The overall speed of the new system will allow it to add a block to Ethereum orders of magnitude faster than now, around 10 – 12 seconds.

So what is the official launch date of Ethereum?

Typically, developers avoid sharing detailed time frames of products under development. For Ethereum 2.0, such a revelation has sparked heated debate within the Ethereum Foundation.

However, Hauner said this week, a new version of the specifications (network rules) would be released. After that, developers will spend 3 – 4 weeks to prepare the testnet.

Therefore, Hauner concluded:

“In terms of when we can expect to see the mainnet, maybe like five or six months, maybe seven. Or until mid-year.”

As mentioned, we should prepare for the launch of Ethereum 2.0 mainnet at the beginning of the third quarter of 2020.

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