Ethereum 2.0 is ready for beta-testing due to Prysmatic Labs

[vc_row][vc_column][vc_paragraph text=”Prysmatic Labs is launching Topaz in testnet, and on April, 16 the first long-awaited testing of Ethereum 2.0 will be generated.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Expectations of the project for Ethereum updating are rising” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As DappRadar states, a 64% increase of activity on the most demanded blockchain for smart contracts has been noticed over the first quarter of 2020.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This is why the 2.0 upgrade development should speed up.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”About two years ago Prysmatic Labs started working at the Ethereum 2.0 introduction with the three projects – Ruby, Sapphire и Diamond – team that undertook to bring ETH to the global level.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The team has announced the launch of test network Topaz which represents a zero-phase network configuration. In the previous testing, Sapphire, one tenth of bonds intended for the main launch, were used. For participating in Topaz, validators will have to deposit 32 ETH to the Goerli ETH1 testing network. Topaz network has already accepted deposits for genesis block, and today Prysmatic Labs starts to reject Sapphire validators and send new repositories for genesis block.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Those who wanted to pass validations at this testing stage were to present their repository by 00:00 UTC 16 April 2020, and after that Prysmatic started sending large-scale repositories to launch the testing.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Vitalik Buterin can barely contain his excitement saying that several resets will still be needed and this version is not the final one, «You should note that it’s not a completion because we’ll make one or two resets in the nearest time to have a better chance to check the genesis mechanism. But it is still a great progress and good job”.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Troubles with running the 1.0 version are ongoing ” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”972″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”DappRadar underlines that currently there are 17 489 active wallets, and this is 64% higher in comparison to the same period of the past year. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”If the tendency continues, there will be a lot of network congestions, operational costs and high latency.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In a manner of speaking, this is not the first time there is a line for a blockchain project. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The first blockchain that caused users complain was BTC that experienced periods of high volatility that lead to reduction of the transaction speed, and therefore the fees in the network reached $50. Investors had to wait for several days until their transactions was confirmed.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The problem of Bitcoin’s transaction slowness and high cost is still relevant. As there is a growing need for innovative solutions and alternative methods of scaling, the digital gold is facing disruptions. The same may happen to ETH considering the model of the projects. We could see this in MakerDAO or some dApp application that do not work proper because the network is overloaded.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”ETH needs to be extended but there is no reason to rush since it it has already become a matter of jokes in crypto-community. There are even some funny memes on the Internet showing the face of Vitalik Buterin who has finally announced the update.”][/vc_column][/vc_row]