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4 July 2022
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Ethereum

Will Ethereum 2.0 see its November launch-date materialize?

The Ethereum ecosystem has had quite a few developments taking place on Decentralized Finance [DeFi] and with regard to the stablecoins based on its platform. As the market gathers interest, the launch of Ethereum 2.0 is much-awaited. According to the pioneer of ETH 2.0 multi-client testnet, Afri Schoedon the launch may take place by November unless serious issues are detected.

In a recent interview with Paradigm, Schoedon stated that “the Ethereum 2.0 beacon chain will launch in November” unless they find severe bugs in clients or protocols. The launch of ETH 2.0 has been a controversial topic in the Ethereum community. Recently, the ETH 2.0 project lead, Danny Ryan said that the main factor behind the delay of Phase 0’s launch was the network’s multi-client approach. Justin Drake, Ethereum developer also noted that the earliest launch of ETH 2.0 could be in January 2021, however, Ethereum co-founder Vitalik Buterin was pushing for the launch to take place by the end of the year.

While clearing his stance on the launch, Schoedon said:

“I’m in-between Vitalk and Justin with my estimation here, I don’t think that we necessarily need to delay Ethereum 2.0 into 2021 unless we find critical issues. We are well on track for a late 2020 launch.”

The community has been witnessing uncertainty looming upon the launch of ETH 2.0. As mentioned before, the reason for the delay has been due to the Ethereum 2.0’s multi-client paradigm. A crucial feature for security reasons, Schoedon stated that currently, at least five clients implemented the latest version of the Ethereum 2.0 specification. Altona testnet featured four clients with Genesis and added another with Lodestar was reporting to be running smoothly.

With Altona testnet’s stability, the team may begin preparation for the launch of the official multi-client testnet Medalla. The launch of this testnet will mark the final step towards Phase 0 of ETH 2.0 or the Beacon Chain of Serenity, as multi-client networks are critical for 2.0 clients.

News source

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