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In the letter
- Ethereum 2.0 is almost ready for launch, according to smart contract audit firm Quantstamp.
- Quantstamp has completed an audit of Teku, the Ethereum 2.0 client developed by ConsenSys.
- The Ethereum community was hoping that Ethereum 2.0 would be launched before the end of 2020.
Smart contract audit firm Quantstamp has said this Ethereum 2.0 it is almost ready for launch. The announcement followed Quantstamp’s completed audit of I’m running, the Ethereum 2.0 client developed by ConsenSys (which funds an editorially independent file Decrypt).
“Ethereum 2.0 is on track to deliver Phase 0 in the near future,” Quantstamp CEO Richard Ma said in a prepared statement.
Providing Ethereum 2.0 Phase 0 before the end of 2020 is a long-standing goal of the Ethereum community. Ethereum 2.0 researcher Justin Drake tweeted in July that “the community wants the genesis of phase 0 in 2020, not one day late. The goal is set; we ship. ”
Auditing Teku
The Quantstamp team appears to have heard the calls. “Client teams have spent countless hours coordinating, testing and working with auditing firms to ensure that the Ethereum 2.0 foundation is ready for delivery,” added Ma.
The Teku audit involved applying the consent rules and maintaining the code and controls required for rewards and penalties.
After the audit, Quantstamp made several results, noting that the base code was “of the highest quality”. When problems were found, Teku’s development team reportedly fixed them quickly.
Resolved results included an unlimited inbound messaging queue, which may have left individual nodes open to DDoS attacks, errors that could have caused clients to go out of sync, and missing validation logic.
What is Ethereum 2.0?
Ethereum 2.0 is a long-planned upgrade of the Ethereum network, aimed at addressing its scalability and security by moving to a proof of the stakes consent mechanism. After a series of testnet launches – Topaz, Medalla, Spadina and Zkinken – the full launch of Ethereum 2.0 will take place in three phases: Phase 0, 1 and 2.
The Beacon Chain, which will be released with Phase 0, has been evaluated in the Zinken and Spadina testnets. Once launched, the Beacon Chain will exist in parallel with the current Ethereum blockchain. It is due to the validation of empty blocks, allowing developers to observe how it works in practice.
Once the Beacon Chain is released, the focus will shift to Phase 1 of the launch of Ethereum 2.0. Phase 1 will see the integration of proof of stake fragment chains, in order to scale Ethereum transactions per second.
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