ETH 2.0 on Track for a Late 2020 (November) Launch, Says Long Time Ethereum Contributor
An Ethereum core developer believes the community won’t have to wait for 2020 for the release of the ETH 2.0 beacon chain.
“The Ethereum 2.0 beacon chain will launch in November unless we find severe bugs in clients or protocol,” said Afri Schoedon, a long time Ethereum contributor.
As we reported earlier this month, Justin Drake, a researcher at the Ethereum Foundation, said during a Reddit AMA that the “earliest practical date for genesis” is January 3, 2021, Bitcoin’s 12th anniversary.
At that time Ethereum co-founder Vitalik Buterin had also said that he “personally quite disagree” with the 2020 launch date and favors “launching phase 0 significantly before that date regardless of level of readiness :D”
In a recent interview, Schoedon shared, “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.” Schoedon, who quit the Ethereum community in February last year, said he
“never left Ethereum (…) just ceased active contributions and retired my online-identity after threats of physical violence against my family.”
He shared that many people mistakenly believed his “volunteering in a key-role of hard-fork coordination for Ethereum (…) a role of power,” after he made an “unfortunate statement on Twitter.”
He is now working on launching testnets and benchmarking clients. Explaining ETH 2.0 in plain words, he said one has to put 32 coins in a wallet that you “will not be able to retrieve (again),” for which you get a “Validator” badge, and that gets you to earn rewards that eventually in future can be cashed out.
Currently, the team is preparing for the testnet release, and at least five clients have implemented the latest version of ETH 1.0 with Altona testnet appearing to be running stable.
This means they will be “launching the official multi-client testnet Medalla very soon, which would mark the final step towards an Ethereum 2.0 mainnet launch,” said Schoedon who is a layer-1 person and doesn't follow the latest craze, DeFi, which align with exploding growth of stablecoin as helped Ethereum surpass Bitcoin in daily settlement value.