Ethereum’s ETH 2.0 Serenity upgrade will most likely launch by January 2020 according to the reports by the public blockchain developers who claim to be working hard on the project. We read more about the project in today’s altcoin news.
The final launch date will reportedly be set on January 3rd, 2020. It is still not definite but the Ethereum Foundation researcher Justin Drake stated a couple of days ago during the 19th Ethereum’s ETH 2.0 implementers call that the new date was a reasonable target and could end up being selected for the activation of the Beacon Chain of Serenity ‘’Phase Zero.’’
The first phase will finish the Ethereum shift from proof-of-work (PoW) consensus to the proof-of-stake (PoS) consensus via validators. The Beacon Chain and once it is activated upon the genesis block will facilitate the proof-of-stake block validation via the Casper tech and will represent the foundation for later layering.
Drake previously stated that the code specification of Phase Zero getting frozen later this month could lead the Ethereum community to conduct ‘’a deposit contract ceremony’’ during the year’s Devcon5 conference in Osaka, Japan this October. According to the latest cryptocurrency, Drake noted:
“So the idea here is try and launch the deposit contract ahead of the target genesis [block], so that we allow time for validators to make deposits. And then one idea here is to basically do a deposit contract ceremony at Devcon. One of the reasons to have this very public ceremony is so that we can all agree on the exact address of the deposit contract and avoid scam deposit contracts.”
The Ethereum foundation researcher also explained how activating Ethereum’s ETH 2.0 genesis block on January 3rd could avoid the holiday months during the winter and could be perfect timing with the 11th anniversary of the Bitcoin genesis block network. Previously this month, the tech giant Microsoft released VeriSol which is an open-source smart contract verification tool for Ethereum to the Microsoft Azure computing platform’s cloud.
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Ethereum also saw its daily gas usage record getting broken by the end of May. Moreover, ETH 2.0 testnets are starting to materialize as well which gives the builders the opportunity to get familiarized with the Ethereum future.
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