Ethereum 2.0 beacon chain testnet development in full swing
Ethereum community is eagerly waiting for the Ethereum 2.0 upgrade. Phase 0 of Ethereum 2.0, the beacon chain, is on track to launch its testnet according to Paul Hauner, an Eth 2.0 developer. Paul Hauner, an Eth 2.0 Developer at Sigma Prime working on the Lighthouse eth2.0 client said that “All implementing teams are aiming for a testnet in March, I see no reason why we can’t achieve that.”
The Beacon chain is the system chain at the core of Ethereum 2.0. The chain helps to store and manage the registry of validators. Beacon chain is the base of the sharding system. Sharding helps improve the scalability of the blockchain. In layman terms, sharding helps to increase the number of transactions that happen on a blockchain.
The specification for the Beacon Chain hasn’t been decided yet but the developers are getting close. “There’s still work to be done on the phase 0 beacon chain spec, which is constantly changing. Changes are made every day, which makes it very hard to pick a definitive deadline,” said Stan Drozd, another developer working on the eth2.0 client.
Huaner says that 6 of his 12 CPU cores are operating at maximum capacity. This implies that the beacon chain is at an advanced stage of development.
Another developer says that Hauner is already operating a trial version of the lighthouse beacon node. there is enough in flux that no one wants to commit to any hard deadlines but there are a number of client teams that are all working very hard to get to a testnet as soon as possible,” he added.
Once the testnet is launched the developers will concentrate on the mainnet launch which will happen by the end of the year.
Ethereum has also decided to migrate from Proof of Work to Proof Stake cryptocurrency. Migration to Proof of Stake is set to happen sometime this year.
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