The Ethereum 2.0 testnet is online, and the public chain will usher in a new era

At 21:00 on the evening of August 4th, Beijing time, Medalla, the final version of the testnet of the beacon chain of the Ethereum 2.0 phase 0, was officially launched. According to Ethereum core developer Ryan, there will be at least four beacon chain clients running on this test network, and at least 16,384 verifiers have participated in the test network testing.

If no major problems are found after the testnet has been running for a period of time, then the next milestone event of Ethereum will be the official launch of the 0-phase beacon chain mainnet of Ethereum 2.0. At present, the community estimates that the launch date of the Beacon Chain mainnet will be around November this year.

This indicates that Ethereum 2.0 is likely to officially launch this year. This is a landmark event not only for Ethereum itself, but also for the entire industry. The public chain and blockchain will usher in a new era.

The 0-stage beacon chain of Ethereum 2.0 is the basis of the entire Ethereum 2.0. It manages the coordination of verifiers and shards. At this stage, participants can become verifiers by pledging 32 ETH.

But this pledge process is one-way, that is to say, for any user who participates in the pledge, even after he quits the pledge, the 32 ETH he pledged will remain in the beacon chain and cannot be transferred back to the current Ethereum (also Even Ethereum 1.0), it is also impossible to transfer or trade on the beacon chain. Only around the stage 2 of Ethereum 2.0, the beacon chain has the function of transaction and transfer, and the 32 ETH mortgaged can be transferred. This time period is about 2 to 3 years or even longer.

Therefore, during this period, these 32 ETHs will not be able to participate in various activities in the current Ethereum ecosystem, such as the hottest DeFi at present. However, users who participate in the mortgage can obtain the mining income of the beacon chain. The amount of mining income depends on the total number of users participating in the pledge of the beacon chain. The total amount of mining income is fixed. If there are fewer participants, each person will get a higher mining income. If there are more participants, each person will receive less mining income. The balance of interests here is entirely up to the user.

As far as the current situation is concerned, once the launch date of the Beacon Chain mainnet is confirmed, there will be a lot of users participating in the pledge, because the enthusiasm of the entire community for Ethereum 2.0 is quite high.

For this,

For this,I believe that a large number of mining service providers and exchanges on the market are estimated to be gearing up to develop related mining pool businesses, so that users who do not have 32 Ethereum can gather the power of the public to participate in mining through mining pools. At that time, this promotional activity will once again set off waves in the circle and attract everyone's attention.

In the past few days, Ethereum has been hovering between $380 and $390 for a while after a short-term hit of $400. passed.No matter from the current momentum of DeFi, or from the great benefit of the upcoming beacon chain mainnet launch, Ethereum below $400 will not last long.

Now it is just the calm before the storm, and the calmer it looks, the more violent the storm will be in the future. When the storm really comes, Ethereum will once again shock the entire industry and take on the role of the king of the public chain well-deservedly.