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The Ethereum community was elated by the announcement of the deposit agreement on November 4th, although it was deployed three weeks prior to the same. Along with the announcement of the depository agreements, the team also released v1.0.0 of the specification with some minor updates.
According to Ben Edgington’s latest update, the funds for the aforementioned distribution came from TornadoCash, an Ethereum and ERC-20 unguarded privacy solution based on ZkSNARKS. Therefore, the funds were untraceable.
Instead, the remaining Ether was sent to the Wikileaks donation address, according to Edgington.
Source: Etherscan
This was likely done to strengthen the decentralization narrative and to show support for openness and resistance to censorship. Despite the hype around the filing agreement announcement, the speed with which the contracts are completed has been pleasant, with many community members raising concerns. However, Edgington noted,
“… according to Tetranode and Justin’s poll, the majority have not moved yet and I expect a huge increase as the 24th approaches.”
In fact, a previous report from AMBCrypto noted that just over 10% of the required ETH had been staked a couple of days ago. At the time of writing, this figure had risen to 12%. As the remaining 88% remain incomplete, the launch of ETH 2.0 could be pushed, once again.
Medal Testnet
The Medalla testnet went live on August 4 with over 20,000 validators, with the same rise to 71,000 validators at press time. However, the participation was limited to 70%. Although the testnet has been performing well, the developers are convinced to begin its closure. Edgington provided some information on the same stating,
“The specific version it runs is out of date and the long queues make it not useful for stakers who just want to test their setups or get some experience.”
Toledo, a protolambda-driven devnet, runs 16,384 validators with mainnet v1.0 configuration. This is used to test the complete mainnet specification, with the same one running smoothly.
Finally, the next public testnet will be Pyrmont and will launch on November 18th. It will start with 100,000 validators managed by client teams and will then be open to participation. However, this won’t be like Medalla.
“… We will ask people to run only a very small number of validators each. This is to keep the queues open for people to get on and off and also to reduce the risk of non-finalization. At the moment it is undecided whether Pyrmont will become long-lived or not “
As the developers prepare for the launch of these updates, the community looks forward to further updates on the launch of ETH 2.0.
