Ethereum

Medalla Launched – Final Ethereum Testnet 2.0

Ethereum developers have launched the final Ethereum 2.0 testnet called Medalla. The testnet was activated on August 4 at 16:00 Moscow time on block # 1596546008.

Earlier, Ethereum developer Danny Ryan said that one of the prerequisites for launching Medalla should be at least 16,384 deposits in the amount of 32 ETH 48 hours before the earliest date for the creation of the first block. 

According to Beaconcha.in, an observer of the Ethereum blockchain, over 20,000 validators have joined the network, with a total amount of deposits of around 642,655 ETH. Five clients will run on Medalla’s testnet: Teku from PegaSys, Prysm from Prysmatic Labs, Nimbus from Status, Lodestar from ChainSafe, and Lighthouse from Sigma Prime.

The developers have clarified that in Medalla, users will not be able to conduct transactions with Ethereum 2.0 coins and will not be able to return them until the launch of the first phase of the update. The main purpose of this testnet is to enable Ethereum to transition to a Proof-of-Stake algorithm. The Medalla technical specification is available on Github.

“The launch of Medalla is another step towards Ethereum 2.0. If the testnet demonstrates stable performance over several months, the next step will be the launch of the update itself, which has been worked on by many developers, engineers and researchers for several years, ”said developer Danny Ryan.

Now the question remains when Ethereum 2.0 phase zero rolls out. Vitalik Buterin believes that this should happen this year. According to him, Ethereum 2.0 phase zero is simpler than Ethereum 1.0 at the network level, despite the more complex consensus (PoS).

A few days ago, the creator of the Ethereum wallet MyEtherWallet Kosala Hemachandra said that the full deployment of Ethereum 2.0 will take several years, so it can not be expected until 2022.

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