[ad_1]
The largest update in Ethereum history will begin its first phase on December 1st.
According to a tweet from ETH 2.0 researcher Justin Drake, the launch of Ethereum 2.0’s Beacon Chain was set for December 1st at 12:00 UTC.
The backbone of Ethereum 2.0, the Beacon chain is a provisional blockchain that will operate alongside the current network as the first of four stages of migration to the new network begins.
Yesterday, the deposit agreement for the Beacon chain received the minimum ETH needed to block Eth 2.0’s “Genesis Day” of December 1.
All major implementations of Ethereum 2.0 they agreed the same “root of the state of genesis” of the new blockchain – or its precise origins in the code.
“I’d say we’re comfortably halfway through the overall effort to complete Eth 2’s functionality,” Drake told CoinDesk via direct message. “The research (which lasted for years!) Is largely done and the genesis of phase 0 is certainly a fundamental step of the implementation. Phase 0 lays the heavy foundation (signatures, merkleisation, networking, Eth 1 deposits, randomness, PoS, etc.). Many of the upcoming hard forks will layer relatively thin infrastructure on this foundation. “
As for the rest of the bootstrap phases, Drake said the penultimate – the complete merger of the Ethereum 1.0 blockchain and the token and application ecosystem in Ethereum 2.0 – will require “engineering and [will be] very heavy coordination. “
When asked about an approximate date for the launch of Ethereum 2.0, Drake told CoinDesk he was, at times, “both too optimistic and too pessimistic”, so his goal should be taken “with a grain of salt” . That said, Drake predicts that Ethereum 2.0 could be “feature ready” by mid-2023.
The price of ETH has risen in anticipation of the update and currently stands at just above $ 600.
[ad_2]Source link
