The estimated launch date of Ethereum 2.0

The zero phase transition of the Ethereum ecosystem to stage 2.0 will be launched on January 3, 2020. This was stated by the developer Justin Drake, reports Trustnodes.

The date was not chosen by chance – according to Drake, it is timed to the 11th anniversary of the genesis-block of Bitcoin.

He also noted that by June 30, developers must approve zero-phase specifications. In particular, prior to the launch of the network, a deposit contract must be created so that validators can credit their funds. It is expected that it will be presented at the Devcon conference, which will be held from October 8 to 10 in Japan. This will prevent the spread of fraudulent addresses for deposits.

Drake stressed that in this way the Ethereum team will have three months to collect deposit funds, and seven months so that at least two customers can enter the “production stage”.

By the latter, the researcher is referring to a testnet that has passed a security audit that has been operating for a long time, in which no significant problems were noticed. In this regard, the founder of Ethereum Vitaly Buterin stressed that when starting Ethereum 2.0, the same principles will be followed as in creating the original network – to identify and work out possible bugs based on testnet as much as possible before proceeding to the operational stage.

Currently, three Ethereum 2.0 test runs are launched, each of which is based on its own client. The next step should be the formation of a single network with the support of several clients. Note that the launch of a full-fledged network or the second phase of Ethereum 2.0 should take place in about two years. Nevertheless, it is not entirely clear what will happen with the first version of the protocol. Initially it was assumed that it would be rolled up into a smart contract and organized into a separate shard. However, according to Drake, this will require “significant engineering and management efforts.”

“Internal integration should be compared with much cheaper mid-term alternatives. For example, a two-way bridge between ETH 1 and ETH 2 can be built using light clients, ”the developer said.

Recall Vitalik Buterin announced the transition of the ecosystem to the Ethereum 2.0 stage, which was named Serenity in November last year. The large-scale update will be preceded by Casper activation and transition to the Proof-of-Stake algorithm, sharding, virtual machine update (EWASM), change in cross-contract logic and protocol economics. In May, the startup Prysmatic Labs launched a test network for Ethereum 2.0 based on the Casper PoS protocol with support for staking. In addition, recently it became known that the Ethereum Foundation, which promotes and supports the development of the Ethereum ecosystem, will allocate $ 19 million for the implementation of the upgrade.

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