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To update: David Rugendyke, of ETH 2’s DApp Rocket Pool staking, took a look at the code and told Cointelegraph it’s only partially: “This is a tool to generate the keys needed to make deposits to the ETH2 deposit agreement. it looks like “announcing that this tool is mainnet ready, at least that’s my opinion. “
Excitement is stirring in the Ethereum community after the deposit agreement was apparently posted on GitHub, however, the main developers have yet to officially confirm the distribution.
Ethereum developers have warned in the past of the danger of fake deposit agreements, hence users it shouldn’t send Ether to the contract until after an official announcement.
The repository on Github was released a few hours ago and appears to have been uploaded from the account of Ethereum Foundation researcher Carl Beekhuizen. In Discord, some asked if the account could be compromised.
The apparent version of “eth2.0-deposit-cli v1.0.0” was titled;
“We have an attempt to start the main engine”
Crypto Twitter was taken over by the US election, but members of the Ethereum community have been eagerly awaiting anything official regarding the first phase of the much anticipated ETH 2.0 launch. Reddit also features numerous threads on the apparent launch.
Bankless founder David Hoffman commented on the release coinciding with election night;
The release of the deposit agreement on election night is the peak #Ethereum https://t.co/i08bqXGDZ0
– DavidHoffman.eth (@TrustlessState) November 3, 2020
Core developers and community members have yet to post anything on their Twitter feeds, even though ConsenSys developer Ben Edgington said today that the Depository Agreement implementation was just hours away.
Hours not days https://t.co/RpiO4ThW29
– Ben Edgington ⟠ benjaminion.eth (@benjaminion_xyz) November 3, 2020
Not everyone is convinced that the code released today is actually for the entire deposit agreement. In response to Ethereum influencer Anthony Sassano who posted about the launch, ETH freelancer Osin wrote:
Where is the deposit agreement in this commitment? Is this mainly just wallet generation code and mnemonic import code?
– oisin.eth (@OisinKyne) November 4, 2020
The deposit agreement allows ETH to be sent between Ethereum and ETH 2.0 and includes one of the few remaining updates needed to facilitate the launch of ETH 2.0 phase 0. The genesis of the ETH 2.0 beacon chain is expected to take place within weeks of the launch of the deposit agreement and will lay the foundation for proof-of-stake consensus and chain sharding. Users require 32 ETH to stake and become validators and 16,384 validators are required to complete the launch of the beacon chain
After Edginton’s premature announcement in late October that the deposit agreement was ready for upcoming launch, there was a delay as Ethereum 2.0 coordinator Danny Ryan wanted to await an audit on a performance-focused signature library and about security called blst. As it turns out, even if today’s “deposit agreement” release isn’t legitimate, the official release doesn’t seem far off with Ryan tweeting earlier:
the blst library looks good
– dannyryan (@dannyryan) November 3, 2020
In an update released last week, Edgington reiterated that the audit was going well and they were ready to “pull the trigger on everything”.
In its previous update, the developer stated that the Beacon Chain genesis event would only be 6-8 weeks after the implementation of the deposit agreement. He also warned about fake contracts;
“Many fake Launchpad front-end and deposit agreements will break out in the next few days. Beware of official announcements: do not send Eth to random contracts; this is not DeFi. “
Danny Ryan and Ben Edgington were contacted for comment at the time of writing, but have not responded by the time the article went to print.
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