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Ethereum 2.0: launch expected in July 2020, developers are 95% sure

The next update of Ethereum system-wide, Eth 2.0, will not start in the second quarter of 2020 as expected, but the developers are confident that it will take place from July 2020.

eth 2.0 update - Ethereum 2.0: launch expected in July 2020, developers are 95% sure

Ethereum 2.0: the update will be launched in July 2020

<strong>The Eurobursar</strong> Eth 2.0 he said the network will not start until three clients can run testnet continuously for at least eight weeks.

Justin Drake, together with the co-founder of Ethereum Vitalik Buterin, revealed that 95% of the update will be launched in July.

Ethereum 2.0 represents the evolution of blockchain of smart contract leaders world-wide.

The update promises higher transaction throughput combined with a new security model that operates in Proof-of-Stake (PoS).

Eth 2.0, often called Serenity, has been in the pipeline since the launch of Ethereum in 2015. However, its takeoff has been significantly slow due to the particularly complex technical nature.

Previously, the launch of Eth 2.0 was scheduled for January 2020 and then postponed to the second quarter of 2020.

Now, the developers have revised the update launch date to July 30, 2020.

Danny Ryan, one of the researchers who took part in the team, stressed:

“Phase 0 is sure to start in 2020. Audits are outgoing and test networks are strengthened every week. I don't see a reality where Phase 0 won't start in 2020. "

Eth 2.0: Phase 0

Buterin and Ryan expressed their belief that Eth 2.0 could implement the Beacon Chain, 0 Phase.

Beacon Chain acts as general manager of the Eth 2.0 PoS system on only two stable customers.

However, other Eth 2.0 researchers opt for a more conservative approach.

On the occasion of Ethereum's debut in 2015, the Parity client was launched after Geth.

The launch meant that the validator was disproportionately oriented towards the latter client.

About this Drake commented:

"Parity has never been able to keep up with Geth."

La 0 phase and 1 phase were completed at 99% and 90% respectively, regardless of the launch date.

Phase 1 is scheduled to connect ETH holders who have focused their activities on the Beacon chain.

All third-party testnets and code audits remain an exceptional task, according to the Eth 2.0 researcher Diederik Loerakker.

The most notable testnet is the Lite client capable of running on an Android smartphone tested by the developer Ethereum Nimbus on February 4.

ETH 2.0: "Spring cleaning", staking contracts are underway

The next few months are going to be really important for owners of cryptocurrency Ethereum.

The same owners will be able to participate in the launch of Eth 2.0 and will be able to receive prizes for having committed their availability in cryptocurrency to validate and protect the PoS network.

Eth 2.0 will need 32 ETH, worth approximately $ 6.400, to participate as a validator.

- staking contracts are currently under control: the team explained that the number of validators could reach millions.

In this context, a researcher revealed that up to 10% of Ether's offerings could target Eth 2.0. Ethereum has a current market capitalization of $ 23 billion.

With the denomination of “Eth 1.5", Two options were proposed: the merger of Eth 1.x into the Eth 2.0 Beacon Chain or the transition of Eth 1.x into" stateless client ".

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Jacqueline Facconti

Graduated in Business Economics and Strategy, Management & Control with 110 cum laude from the University of Pisa, editor and editorial collaborator for various blogs and Economic and Business sites

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