blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Buy Crypto
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Buy Crypto
No Result
View All Result
  • bitcoinBitcoin(BTC)$19,290.740.11%
  • ethereumEthereum(ETH)$1,074.590.59%
  • binancecoinBNB(BNB)$219.090.40%
  • rippleXRP(XRP)$0.3228621.83%
  • cardanoCardano(ADA)$0.456456-0.32%
  • SolanaSolana(SOL)$33.370.06%
  • dogecoinDogecoin(DOGE)$0.0670480.25%
  • AvalancheAvalanche(AVAX)$16.510.42%

Ethereum Launches Final Testnet ETH 2.0 For Validator Launchpad

Tom Nyarunda by Tom Nyarunda
July 28, 2020 - 5:47 pm
in ethereum news
0
Ether (ETH) Back to $300 After Horrific "Bear" Week
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Ethereum Foundation has announced the final Testnet version of the ETH 2.0 Validator Launchpad. The released validator will allow users to participate in the Testnet’s proof-of-stake. 

The non-profit organization that supports the development of the Ether cryptocurrency announced the release of the validator Launchpad for the multi-client testnet Medalla. The July 27, 2020 blog post stated that the Launchpad is part of the testnet launch stage, before Phase 0, in which the network will move towards Proof-of-Stake (PoS). With the Ethereum 2.0 final testnet set to be released on August 4, developers have opened the doors to validators. The blog stated: 

“We’re releasing it now so that you can keep track of, and make deposits into, the upcoming Medalla multi-client testnet […], but we’ll continue to fine-tune the interface in the run-up to MainNet launch.”

Validators Are a Vital Component

According to the announcement, the new Launchpad has been developed in partnership with Consensys and DeepWork Studio and is ready for anyone who wants to become an ETH 2.0 validator. Validators will have the privilege of managing their keys in the ETH 2.0 blockchain besides learning more about the network and earning rewards. Validators are a vital component of the ETH 2.0 proof-of-stake algorithm, and there are chances many users will join in. 

Ethereum 2.0 will become the most significant upgrade of the Ethereum network so far. The update will ditch miners in favor of staking nodes and switch the network’s consensus algorithm from proof-of-work (PoW) to proof-of-stake (PoS). The launch will also educate future validators on the basics of Ethereum 2.0, the roadmap, and all the attendant risks and responsibilities. The blog post added: 

“The idea behind the Launchpad is to make the process of becoming an eth2 validator as easy as possible, without compromising on security and education. In contrast to using a third-party service, running your own validator comes with the responsibility of managing your keys. This responsibility brings with it an inescapable tradeoff between ease-of-use, security, and education.”

Increased Interest in DeFi

As at the time of writing, users had already sent over 218,000 ETH to the ETH 2.0 Launchpad as deposits. This is a clear indication that many people are looking to have a chance of becoming validators even though it is still in its Testnet. The next phase involves tracking participants and their balances to help validate the Testnet. According to Danny Ryan, the ETH 2.0 coordinator, Medalla will only start when at least 16,384 validators commit at least 524,288 ETH.

The trading volume on the Ethereum blockchain has surged during the last few days to the extent of overtaking Bitcoin. The vast amounts are suspected to be associated with the increased interest in Stablecoins and DeFi farming. While the price of Ethereum did not rally too much during the second quarter of 2020, Ethereum is gradually following Bitcoin’s lead by reaching an all-time high of $326 even as Bitcoin surpasses the $11,000 mark.

Tags: ETH 2.0Ethereum (ETH)Ethereum cryptoEthereum news
ShareTweet
Tom Nyarunda

Tom Nyarunda

Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

Recommended For You

Ethereum (ETH) Technical Analysis: Important Factors For Investors

by Mushu Butt
June 28, 2022 - 10:46 am
0
Ethereum

Ethereum (ETH) is one of the coins that experienced a positive rebound this past week and is anticipated to perform well this year.

Read more

Vitalik Buterin Ridicules the Stock-to-Flow Model of Bitcoin, PlanB Reacts

by Umair Younas
June 21, 2022 - 6:53 pm
0
Vitalik Buterin Bitcoin PlanB

In a recent tweet, Vitalik Buterin has ridiculed the (S2F) Stock-to-Flow model of Bitcoin (BTC) during the recent market crash, PlanB replied

Read more

Developers Announce Major Ethereum Merge Update

by Eric Maina
June 17, 2022 - 3:18 pm
0
Ethereum Merge

Ethereum core developer team release updates on the progress towards the release of The Merge update, also known as Ethereum 2.0.

Read more

Why Is Ethereum Mostly Used For NFTs

by Samuel Edyme
June 17, 2022 - 7:00 am
0
Why Ethereum NFT

So why is that, why is Ethereum the leading blockchain network for NFTs, why is Ethereum mentioned when NFTs are mentioned, and even...

Read more

Ethereum’s Vitalik Buterin Says Metaverse Is Still In The Development Phase

by Umair Younas
June 12, 2022 - 1:44 pm
0
Ethereum Metaverse

Ethereum co-founder, Vitalik Buterin is feeling confused about Metaverse at a time when Ethereum has reached a 15 month low at $1,422.70

Read more
Next Post
Fake News Mainstream Media War on Crypto

Fake News? Mainstream Media War on Crypto

PARTNERS LIST

PRESS RELEASE

Fintech-Ideas brings blockchain functionality to its range of platforms

by chainwire
July 3, 2022 - 10:30 am
0

Berlin, Germany, 3rd July, 2022, ChainwireEnterprise software developer Fintech-Ideas has integrated a suite of blockchain tools to its SaaS offerings....

Himo World Announces Open Beta of PvP Strategy Game

by chainwire
July 1, 2022 - 5:36 pm
0

Melbourne, Australia, 1st July, 2022, ChainwireHimo World, an NFT-based strategy game developed by Kaofox Corp, has announced its open beta...

Swappi (PPI) Announces First Exchange Listing on BitMart

by chainwire
July 1, 2022 - 10:01 am
0

New York, NY, 1st July, 2022, ChainwirePPI, the native token of Swappi, is now available for trading on global crypto...

Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

by chainwire
June 30, 2022 - 3:27 pm
0

Victoria, Seychelles, 30th June, 2022, Chainwire Bitwells, the leading crypto derivatives exchange, has launched a 100% deposit match for new...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2022 - Blockchainreporter.net. All Right Reserved.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT