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With final preparations for the launch of Ethereum 2.0 soon to be underway, CoinDesk’s Christine Kim spoke with developers Raul Jordan and Eduardo Antuña Díez about what remains to be done and what comes next.
The final preparations for the launch of Ethereum 2.0 will soon be underway.
Prysmatic Labs lead developer Raul Jordan, who has been developing Ethereum 2.0 software for over two years, explained that his team will finish development of all features by October 15.
“At that time, everything is ready to have good documentation, good user experience, repair security holes [and] basically prepare for the launch. That’s where we are today if everything stays on track, “Jordan said.
Final features currently under development by Prysmatic Labs and other software development teams include ensuring that various Ethereum 2.0 code implementations, also called “clients”, are interoperable and can be used interchangeably by a user without run the risk of losing the validator rewards.
It’s not just the client developers who are starting final preparations for this network update. Ethereum startups building hardware and tools to allow users to participate in the launch of Ethereum 2.0 are also working on adding last-minute features to their products.
Eduardo Antuña Díez, project manager of DAppNode, said: “The most important thing we have achieved since the first [Ethereum 2.0] testnet is that people need to know the status of their validators. Having a good monitoring system to be able to know when your validator is down … we are working in that direction. ”
Before Ethereum 2.0 is released, Jordan and Díez both noted that a new contract will be created on the current Ethereum blockchain to receive deposits of 32 ETH. Only once this contract accumulates a minimum of 524,288 ETH, which at the time of writing is worth around $ 181 million, will the new Ethereum blockchain officially begin at midnight UTC the next day.
Regarding the security of the deposit agreement, Jordan said: “There is no way to recover [funds]. … It is considered a short term burn. It’s not like there’s some sort of admin key or way to withdraw those funds. There is no way anyone can take all the ETH that’s stuck there. “
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For more information on Ethereum 2.0, you can download the free research report with additional developer comments on the update on CoinDesk Research Hub.
