Image Source
Everyone is expecting it for this year 2020 as the second important technical deadline after the Bitcoin (BTC) halving. Ethereum version 2.0 (ETH) has just officially been put online in the form of a testnet called Medalla. This is the last such step before the actual launch of the new ETH for the end of the year.
This is a big step and lays the foundations for what Ethereum should become in the future . A large-scale project consisting in broad lines of moving a blockchain based on Proof of Work technology to a Proof of Stake type solution . No more expensive and energy-consuming machines, the new version of Ethereum will be based on staking with a necessary commitment of 32 ETH to become one of the nodes.
An evolution which should also make it possible to resolve the very problematic problem of network scalability and remedy the catastrophic increase in costs that this currently implies. Which is a good reason to ask the question of investing in Ethereum at the moment .
The final phase of the Medalla test
The announcement was made public on Ethereum's official Twitter account. This time it is an "official" test version deployed by the Ethereum Foundation itself and not by a decentralized group of developers, programmers and listeners.
Switching to Ethereum 2.0 takes time and key steps to get there. It is within this timeline that this public and final test version of the Ethereum network version 2.0 was launched. This testnet called Medalla did not encounter any major problems and its launch was announced as a success .
However, once the network started it seems that an insufficient number of participants caused some cold sweats. Indeed, the participation rate was only 57% against the expected 80% . But everything seems to be back to normal with a rate then increased to 67% which enabled this first step to be validated a few hours later.
Please feel free to subscribe to CryptoPlanet360 on Youtube to get the latest videos about Crypto projects and Blockchain
Subscribe here: https://bit.ly/2NSkrOU
