- Ethereum’s lead developer recently shared details of the work done on preparing blockchain mergers.
- Once the process starts, Ethereum 1.0 and Ethereum 2.0 will have to coexist for a time.
- He also shared that the launch is scheduled for August 4th, but only if enough validators emerge by that time.
Ethereum 2.0 final testnet has recently been announced, and thus, it marked the first concrete bit of news regarding the project’s long-awaited major upgrade. The excitement about the new progress can be felt throughout the crypto community, and the developers seem excited to get the show on the road, as well.
New details about ETH 2.0 testnet
According to Ethereum’s co-founder, Vitalik Buterin, the developers are already working on interoperability between the two ETH chains.
Before Serenity can completely take over, there will be a period where the two will have to coexist and work together.
As can be seen from the tweet above, Buterin simply confirmed the statements made by another Twitter user, Danny Ryan. Ryan is the project’s lead developer, who actually posted screenshots containing code that shows some of the work that has been done thus far.
Due to the fact that most people in the crypto community are not coding experts, the details shared by Ryan were quite incomprehensible to the fans. However, in a more understandable blog post, he confirmed that the final ETH 2.0 testnet for Beacon Chain, called Medala, will emerge in less than two weeks, around August 4th.
Ethereum needs to find enough validators before the launch
While previous testnets were for developers only, this one will be for the wider community. However, it still needs to fulfill some conditions before the launch. For example, it will need to have a certain minimum number of validators — 16,384 of them, to be exact.
If this number is not met by August 2nd, the launch of the testnet will be delayed until the number of validators grows to the required minimum.
Lastly, there will be around four clients that will be running fully at genesis. Those include teku, prysm, lighthouse, and nimbus.
The new revelations also affected Ethereum’s price, which surged from around $244 to $275 yesterday, July 23rd.
