Ethereum 2.0 Phase Zero Activated Successfully With Genesis Block Release Launch …

Ethereum 2.0 Phase Zero Activated Successfully with Genesis Block Release

The launch of the zero phase of Ethereum 2.0 took place by plan today at 15:00 Moscow time, when in the new networks genesis block was released.

Ethereum 2.0 Phase Zero Activated Successfully with Genesis Block Release Launch ...

Launched in this tuesday signal chain or beacon chain will let the stakers to accept participation in earning rewards for completing the tasks entrusted to them to add blocks and maintain security in accordance with the rules of Proof-of-Stake consensus.

Ahead of today’s launch, Ethereum 2.0 staking deposits exceed 880 000 ETH or $ 500 million. Due to the specifics of the deployment Ethereum 2.0 these coins will be locked in new chains for the next two years and are not available for market. It is expected that over time volume assets in staking will increase. Developers count on then, what of the current values is he will increase 10 times so that the network can be considered secure.

At the time of publication of this phase zero activation is seamless and customers maintain a stable network connection. The main confirmation of the success of today’s launch is an attainment completion of the first three eras of Ethereum 2.0.

Commenting on further steps in the development of the project, the co-founder of Ethereum Vitalik Buterin said: “We hopefully, that Proof-of-Stake will run smoothly for some time, but we would like to add more functionality. The most important constituents are sharding and the merger of ETH 1 with ETH 2. There are also smaller questions, e.g. quickly add support for various clients“.

He did not rule out that at the stage launch may difficulties arise, but noted, that the main network is supported by more participants with more rich experience and real incentive, whom not It was in scripts with test cryptocurrency.

“We see the main element of stability – over two thirds of participation”, – stated Ethereum Foundation researcher Danny Ryan.