A New Test Network Just Activated And Ethereum 2.0 Will Be Using It (coindesk.com)
Here’s the best tl;dr summary we could make of coindesk’s coverage of the Ethereum 2.0 testnet:
A highly anticipated upgrade to ethereum is gearing up for its first dry run, and the test network of choice will be an unfamiliar name to many.
Phase zero – the one that will be tested by Prysmatic Labs – will include, among other features, a beacon chain, or a proof-of-stake blockchain functioning as the “Heartbeat” of the new ethereum network, as ethereum founder Vitalik Buterin put it on a Reddit thread. As a caveat, Van Loon told CoinDesk the release would not be “a 100 percent complete phase zero implementation,” explaining that validators do not stand to lose their staked ether if they misbehave.
By staking a set amount of GöETH, users of the Görli network will be able to participate on a separate Prysm test network as “Validators.”
Görli will actually function as the test network to initiate new validators, while a separate test network engineered by Prysmatic Labs and featuring beacon chain technology will monitor the activity and “Work” of these transaction validators.
Looking ahead, Van Loon added that in terms of continued research and development on ethereum 2.0, ethereum researchers are actually ahead of implementors like Prysmatic Labs and other client teams.
Original post reduced by 83%
Read the full article here.
Related story: Ethereum Price Analysis: ETH Bullish In Short Term Above $106 (newsbtc.com)
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