Will 2020 bring the launch of Ethereum 2.0

Endy Callahan

A representative of Ethereum, Danny Ryan, said that in February 2020, it is planned to conduct a comprehensive security check of the second generation of the platform. It will analyze the vulnerability of the update to DDoS attacks, search for vulnerabilities in the technology, and determine the ability to resist resource abuse that leads to spontaneous hard forks.

Plans for Ethereum 2.0 in the next months

Mr. Ryan said that the test will be preceded by the release of ETH2. He noted, "This V0.10.0 release will affect the integration of the updated BLS standards into the key specifications of the second-generation platform."

The developer told about plans to launch a testnet before the beginning of spring, which will support different clients. The Deposit agreement will be tested for about 3 months. This means that the full operation of Ethereum 2.0 will not begin until the second half of 2020. In the article "What is Ethereum?” you can learn more about this cryptocurrency.

Justin Drake took the initiative to launch an update of the platform on the anniversary of the 5th anniversary of its opening

The Ethereum developer has taken the initiative to switch to Ethereum 2.0 in July 2020. It was on this day that the ecosystem started working. He justified the feasibility of his proposal by the fact that testing of the network will last at least three months until the end of July. Danny Ryan doesn't see the need to delay the project.

Many researchers believe that this question is very premature. They suggest that you do not set a specific date yet, so that you do not move it later.

The block browser for the Ethereum 2.0 testnet has been launched

Vitalik Buterin's company is steadily moving towards its main goal – the launch of Ethereum 2.0. For this purpose, the block browser for the blockchain Beacon testnet was launched. It is based on the PoS consensus algorithm and serves as the main link of the future system responsible for managing validators and shares in the network.

Adrian manning, who is involved in the development of the Lighthouse client for the 2.0 update, spoke about working on a public test network that will effectively and seamlessly interact with Ethereum 1.0. At the moment, is the standardization of the Deposit agreement. Thanks to it, assets will be moved from Ethereum 1.0 to version 2.0.

The Ethereum 2.0 test network has been successfully launched on several clients

The Shasper client was connected to the open sapphire testnet. This allowed the testing of the zero stage of Ethereum 2.0 to be completed. Preston van Loon of Prysmatic Labs said that there was no open multi-client tested Ethereum 2.0 network until this time. Developers are directing efforts to launch the next-generation core network in the first months of 2020.

The sapphire testing network was launched in June, and it became the 3rd single-client testnet. The first two was made by Nimbus and Lighthouse. The development of Sapphire in the firm Prysmatic Labs. In early autumn, it announced the creation of a network that supports multiple clients and can connect validators in a limited number.

Now users can use a full open network. All operations are carried out similarly to the core network. Wang Lung noted that the release is designed to provide users with the ability to contact in a disordered environment that is close to real. This approach will give the team the opportunity to eliminate potential network flaws and improve performance.

Wang Lung continued, "At the beginning of autumn, we gave our customers the opportunity to interact together. the zero stage of the network was developed for this purpose. With a full-fledged sapphire testnet, you can see how different client implementations are synced."

The Sapphire network node uses a software application developed by Prysm. Today, there are 6 clients that can log on to the network. These include Lodestar, Trinity, and Nimbus. Wang Lung has no doubt that this will happen soon.

In the future, Prysmatic Labs intends to work even more closely with teams that develop different client implementations.

On January 2, the Ethereum hard fork is planned, which will postpone the activation of the bomb.

On the official website of the Ethereum company, details of the next hard fork are placed. Its main goal is to transfer the activation of the complexity bomb.

Activation of the update will take place on block 9200000, its official name is Muir Glacier. According to preliminary forecasts, production of the block will occur on January 2, 2020. There may be some changes in the forecast, taking into account the speed of block release.

Hudson Jameson, who is the lead developer of Ethereum, asked the node owners to update the software before the end of 2019.

The complexity bomb is a complementary PoW algorithm mechanism that is designed to regulate cryptocurrency mining. Every 100 thousand blocks, it increases it exponentially. By increasing the block time, the mechanism creates incentives for Ethereum participants to switch to PoS.

Not so long ago, the Ethereum management discussed the possibility of completely abandoning the complexity bomb, but in the end decided to simply move it. Following activation of the mechanism must occur by 4 million units.

Ethereum developers are making every effort to upgrade to version 2.0. They also think about miners, so they put off the complexity bomb and make cryptocurrency mining worthwhile. Many expect that with the launch of Ethereum 2.0, the cost of ETH will increase significantly. As long as the prices are in the area of the minimum marks, you can purchase coins to sell them in the future and earn money.