News Crypto and cryptocurrencies

Buterin: Ethereum 2.0 deposit contract released

Vitalik Buterin tweeted the release of the Ethereum 2.0 deposit contract. This will be version 1.0 of the ETH 2.0 specification.

Ethereum - Buterin: Ethereum 2.0 deposit contract released

On the afternoon of Wednesday 4 November Vitalik Buterin revealed on the his twitter profile the release of the deposit contract of Ethereum 2.0. 

This is version 1.0 for the specifications of Ethereum 2.0 which also allows you to include the address of the Deposit Contract within the Mainnet. ETH 2.0 will present its launch exactly on December 1, 2020 starting at 12:00 UTC.

For this to be activated they must be deposited a total of 16.386 32 ETH at least 7 days before. If not, you will have to wait. In fact, you will have to wait at least seven days after the Ether threshold requested will be met. 

Therefore, this does not mean that version 2.0 of the Ethereum protocol will be launched on December XNUMXst, only that it is smart contact necessary for the launch will come into effect in all respects at that moment. In fact, to launch the new protocol version, still in the testing phase, several ETHs must be deposited on the smart contact. 

However, what happened today with the publication on twitter by Buterin, signals the first concrete step on the Ethereum mainnet for the operational launch of version 2.0 of this protocol which includes a total of three distinct phases.

The first phase which should be launched shortly with the start of the deposit contact it is precisely what will presumably take place on 1 December. The intermediate phase should be the one that will allow to solve any problems of scalability of this protocol. The last phase instead, the second, is the one whose timing is not yet known.

On the other hand, although there have been some problems, the testnet of the new protocol is proceeding as planned. Hence, the final release of version 2.0 of the Ethereum could happen soon.

Buying Cryptocurrencies? Exchange Binance Binance

Silvia Faenza

Graduated in Political Science and International Relations at the University of Salento, in the 2014. From 2015 he is in charge of content management for online companies and publishing agencies, mainly as a ghostwriter, copywriter and web editor.

Similar posts

Leave a comment

Your e-mail address won't be published. Required fields are marked *

Back to top button