It feels like Ethereum 2.0 is taking an eternity to rollout. But, following months of testnet runs, it finally looks as though Phase 0 is nearing the finish line to launch.
Phase 0 refers to developing the framework for running the proof-of-stake mechanism. It will set in place registry for staking validators, meaning full staking functionality won’t be available at this stage.
“The first part of Eth2 to ship will be the beacon chain. It won’t be fully operational right away because there won’t be any shard chains, so there’ll be nothing to keep in sync other than itself. Remember, the beacon chain’s main role in Eth2 is making sure all the shards have the most up-to-date data.”
Originally scheduled for release in January 2020, a series of delays, and even a crash of the Medalla testnet has investors growing increasingly restless over the holdup.
And with Ethereum transaction fees the highest they have ever been, the community is crying out for progress towards finishing ETH 2.0.
With that, core developer Danny Ryan posted an update suggesting that things on track for the November rollout.
His latest blog post said:
“Last chance to practice genesis before mainnet.”
<img alt="Ethereum 2.0 on final leg