ETH 2.0 is very close to the long awaited genesis of Beacon Chain, ConsenSys developer says

Ethereum developer core Ben Edgington suggests that things are getting very close to the highly anticipated launch of Phase 0 of ETH 2.0.

“There was a large drop in participation when the Zinken network was launched (which was intended to be ephemeral), and many have not returned. This is the problem with unincentivised testnets: there’s no cost to abandoning.” Ben Edgington said.

The Medalla testnet for Ethereum 2.0 Phase 0 has been offline for several weeks due to insufficient validator participation. In order to function, the network needs 66% participation from validators staking 32 simulated ETH each. For most of October, it had less than 50% participation as testers grew weary awaiting the real thing.

“Medalla right now is highly unrealistic, and spending too much effort on optimising for its current state is unproductive.” Edgington added.

Blockchain firm Bitfly recently posted an update on the purge and replacement of inactive validators in order to resume testing.

Edgington also advised waiting a while for those not totally confident in staking at the outset, so this may be the case for the majority of ETH holders initially.

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The post ETH 2.0 is very close to the long awaited genesis of Beacon Chain, ConsenSys developer says appeared first on AZCoin News.

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