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Staking coins ETH in Ethereum blockchain 2.0 will be launched in July 2020

The functionality of the mechanism of consensus Proof-of-Stake in Ethereum 2.0 can be activated in July, writes Decrypt with reference to the client developer to a new blockchain cryptocurrency Ben Edgington.

“The signal chain is the beginning of a journey. This is a self-sustaining chain Proof-of-Stake. Its launch may happen a few weeks or months. But I’m 80-90% sure that it will start by the third quarter”, said Edgington during the virtual summit Ethereal.

Beacon Chain or the signal circuit is the main element of zero phase Ethereum 2.0. In it users will be able to stacking of its assets to ensure system security and to earn awards.

The event was also made by the developer will Villanueva. He spoke about the next phase of the launch of Ethereum 2.0. Phase 1 is the implementation of technology of sharding and 64 shards, each of which will have a capacity of 500 KB. For comparison, the limit of blocks in the current Ethereum is about 25 KB.

“Phase 1.5” is would be to merge Eth Eth 2.0 1.0. The existing blockchain will be one of the shards in the new system. During “phase 2” various applications and circuit Ethereum 2.0 will begin to communicate with each other.

Edgington noted that from this point begins the real difficulty in keeping the new network.

“Compatibility is much more complicated test networks based on a single customer. Test network based on the plurality of clients are various minor inconsistencies that break the performance,”he said.

Publication date 09.05.2020
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