Ethereum (ETH) is switching to a new consensus algorithm. This is called proof of stake (PoS) and means that the user feeds or uses Ethereum into the network and thus validates blocks. The picture shows stacked Ethereum Coins.
The start of phase 0 in Ethereum 2.0 is expected soon. At least that’s what the latest blog post by ConsenSys developer Ben Edgington suggests.
The first part of this Ethereum milestone event is the introduction of the deposit contract, which has already been slightly delayed. The developers are waiting for an audit of a performance and security-oriented signature library called blst wanted to wait.
Ethereum 2.0 phase 0 about to start?
Edgington stated that the results of that review are expected later this week, although there are still a few improvements to Ethereum’s Phase 0 that need to be done beforehand.
The most important thing is how Danny covered the developers call this week. He said the exam is going well, the results are expected next week and then we can ‚pull the trigger‘
He also advised waiting a while for those who are not entirely sure at first that they can rely on the operation. So that this could initially be the case with the majority of ETH holders.
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Medalla gets a restart
The medalla beacon chain test network is about to reinitialize after a three-week break due to the inactivity of the validator. The network needs two thirds of the validators to be online and participate. However, that number has recently dropped to around 50%.
To get things going again, inactive validators are being removed from the pool to make room for those who wish to join and participate. According to beaconcha.in, there are currently over 3,890 validators in the outbound queue while 9,426 are waiting to participate.
Edgington has blamed the general testnet fatigue on the lack of validator participation, adding that there was a big drop when the Zinken network was launched.
That is the problem with unincentivated test networks: the termination does not cost anything.
He mentioned that this deadline gave the customer developers time to clean up technical issues with their software, although there is still a diversity problem as an Ethereum client dominates the tests.