Developers have gathered information on Ethereum 2.0 into one comprehensive blog post.

Key Takeaways
Ethereum 2.0 will introduce staking and sharding.
Several testnets and tools are currently available to developers.
The upgrade may begin to go live during Q3 2020.
Share this article

Ethereum 2.0, a significant upgrade to the Ethereum blockchain, is still on track, according to project developer Danny Ryan. His blog post on the subject does not reveal any new information, but it gathers information that is “scattered across the web.”
What’s In Ethereum 2.0?
ETH 2.0 mainly represents a transition away from mining and toward proof-of-stake, which will make Ethereum much more efficient, secure, and capable of handling high transaction volumes.
The upgrade will be rolled out in several stages:

Phase 0: Introducing validator (staking) nodes.
Phase 1: Introducing sharding, a way of splitting the Ethereum blockchain for different purposes.
Phase 1.5: Integrating Ethereum’s current mainnet with ETH 2.0’s consensus mechanism.
Phase 2: Introducing states and execution for developers.
Right now, there are many different Ethereum 2.0 clients, tools, and testnets, and anyone can use them. However, ETH 2.0 testnet tokens do not have any real financial value.
More exact details can be found in Ryan’s blog post.
When Will 2.0 Arrive?
ETH 2.0 has infamously been delayed several times since it was announced in 2018, and a launch date is still uncertain.

This announcement does not propose any launch date.
However, developer statements elsewhere suggest that ETH 2.0 could begin to go live during Q3 2020.
In May, Ethereum founder Vitalik Buterin clarified that the update would not necessarily go live in July, as some reports suggested.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.

AVA Labs Wants to Be Ethereum 2.0’s Testnet, and Then Some

COVID-19 and ETH 2.0 Projects Targeted in Gitcoin Funding Round

ETH 2.0 Audit Complete, Minor Changes Proposed

Leave a Reply

Your email address will not be published. Required fields are marked *