The new Ethereum 2.0 test network will "rehearse" for 3 days
Editor's Note: This article comes fromHoneycomb Finance News (ID: fengchao-caijing), Author: JX kin, reprinted by Odaily with authorization.
Editor's Note: This article comes from
Honeycomb Finance News (ID: fengchao-caijing)
Honeycomb Finance News (ID: fengchao-caijing)
, Author: JX kin, reprinted by Odaily with authorization.
Version 2.0, which solves the speed and scalability of the Ethereum network, has made new progress.
On September 22, Danny Ryan, the core developer of Ethereum 2.0, wrote an article announcing that the new test network Spadina will be officially launched on September 29 for a period of three days. Currently, Spadina Launchpad, a platform that facilitates the rapid launch of this test network, has been launched.
From Danny's wording prediction, the Eth 2.0 mainnet is about to emerge. This is good news for the current DeFi applications and users on Ethereum. Network congestion and high gas fees have troubled everyone for too long.
ETH holders are also looking forward to Eth 2.0. Recently, the continuous decline of ETH is gradually accumulating panic among investors.
The approach of the Eth2.0 mainnet supports the patience of ETH holders.
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3-day "dress rehearsal" for testing staking and genesis
The new test network Spadina built according to the configuration of the Ethereum 2.0 main network has completed preparations, and the launch platform Spadina Launchpad has been officially launched on September 24. On September 29th, Spadina, which is endowed with the "quick test" function, will be officially launched for only 3 days.
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Spadina Launchpad test frontend is live
"Although this testnet may continue to exist for a period of time after 3 days, the client team, block explorers, and other key infrastructure providers will not continue to provide support for Spadina after the expiration." September 14, Danny Ryan emphasized this when he announced the testnet on the official Ethereum blog. He is the core developer of Eth 2.0.
It can be seen that Spadina, which Danny regards as a "dress rehearsal" this time, is also an insurance policy after the official launch of the mainnet.
After all, last month, another test network, Medalla, had a "clock bug". A block producing node with more than 60% of the votes had a delay of nearly 90 minutes, which affected other nodes to package new blocks. This also caused the Medalla network to be unable to generate blocks for a while. Fortunately, the bug was finally fixed.
This time, Spadina will run for a short time, and Medalla will not be shut down. The two will run in parallel to protect the latter's good operating status from being affected.
So, who needs to be tested on Spadina? Danny suggested that users who want to try to generate and manage keys and see if they can set up the client from scratch, "Of course you should participate"; and if you have participated in multiple testnets, you can use the command line to manage keys proficiently and multiple clients, and often write custom systemd configuration files and monitoring tools, "it's up to you to participate".
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Network congestion once again urges Ethereum 2.0 to go online
Undoubtedly, Eth 2.0 testnets one after another are preparing for the smooth operation of the mainnet in the future. As a blockchain network that stores a large amount of valuable encrypted assets, safe and stable operation is bound to be very important.
For developers and users of applications and applications grown on this network, they have one of the greatest expectations for Eth 2.0-this new main network can really bring about improvements in speed and cost, congestion and high Gas Fees have troubled them for a long time, especially since the outbreak of DeFi, this trouble has more and more practically affected the experience.
Take the DeFi carnival that Uniswap gave more than 200,000 user addresses not long ago "given benefits" as an example. There are really a lot of red envelopes, but it is really slow to trade and cash out on the chain. Some users even accepted the maximum gas fee suggested by the wallet, but couldn't make a quick transaction.
On that day, the recommended Gas peaked at 1000 Gwei at one point, becoming the highest point in history.
In addition, Li Fei also reported that the high gas fee of Ethereum has made DeFi liquidity mining less and less friendly to retail investors. The handling fee can’t be lowered at all.” He said that for players with tens of thousands of RMB, the handling fee is really not low. “Moreover, the annualized rate of return of DeFi projects is getting lower and lower. There's no big deal anymore."
As a user of DeFi applications, Li Fei is looking forward to the arrival of the Eth 2.0 era, "The network speed is faster, the cost is lower, the application capabilities are more and more, the assets on the chain are rich, and the users can play. Otherwise, who will stay Are you contributing handling fees in vain?"
At 21:00 on September 24, EthGasStation data showed that the minimum network transfer fee was 0.28 US dollars, and the highest was 13.2 US dollars.
At the same time, OKLink data shows that the TPS of Ethereum reached 13.58 transactions per second, and the number of unconfirmed transactions on the entire network was more than 99,000. The recommended Gas fee is 90.66Gwei. Comparing the trend of historical data, the computing power, difficulty, and Gas utilization rate of Ethereum all reached their peak in September this year.
All indicators of the Ethereum network are soaring (data from OKLink)
The market urgently needs an Ethereum with higher efficiency and lower cost of use, which is also one of the pursuits of the network 2.0 version. Vitalik Buterin, the founder of Ethereum, has also stated that the transition to the Eth2.0 network under the PoS mechanism can achieve thousands of transfers in seconds, which can alleviate the current pain points to a certain extent.
In addition to users of applications on the Ethereum chain, investors who hold ETH are also looking forward to the arrival of Eth2.0.
Recently, the yield of DeFi mining has decreased, the asset market has gradually cooled, and the overall correction of the crypto asset market has also caused a lot of corrections in the price of ETH.
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The trend of ETH in the last 30 days (data from Coingecko)
According to Coingecko data, as of 21:00 on September 24, ETH was quoted at US$335.37, a decrease of 8.2% on the 7th and a decrease of 17.9% on the 30th. On September 2, ETH reached an all-time high of $480 in 2020.
Although the price of the currency has retreated a lot, Jam, the holder of ETH, still did not sell it, "waiting for the launch of the Eth2.0 network." He believes that as long as there are no technical problems affecting the mainnet launch, the 2.0 version can be regarded as the last of this year good news.
