Ethereum 2.0 Final Testnet, Medalla, Rolls Out; Is A 2020 Launch Now In Sight?

Ethereum’s public testnet, Medalla, goes live in anticipation for the upcoming ETH 2.0 Phase 0 release. However, the launch was not as smooth as expected due to low participation of validators.

The Ethereum 2.0 Phase 0 Medalla public testnet finally went live on August 4, 2020 at around 1AM GMT giving hope of a possible ETH 2.0 mainnet launch this year. News coming in to BEG desk, confirms all five named client implementations have successfully synced to the Medalla testnet including Prysmatic Labs’ Prysm, ChainSafe’s Lodestar, PegaSys’ Teku, Status’ Nimbus and Sigma Prime’s Lighthouse.

Over the past two years or so, Ethereum developers have launched testnets with an aim to improve the development towards ETH 2.0. The Medalla testnet, the fifth and final official testnet in the transitioning of Ethereum to a proof-of-stake (PoS) network, is the only public test net so far.

The launch follows previous releases of the Sapphire testnet, when developers tested the validators by depositing 3.2 ETH. The Topaz testnet, released by Prysmatic Labs, introduced the full 32 ETH validators fee and in June, the Ethereum community introduced the Onyx testnet to boost the number of validators to 20,000.

Finally, a coordinated multi-client testnet dubbed Altona went live in early July to ensure further stability before the Medalla testnet could be rolled out this month.

A slight bump in the road

According to the Beacon chain, ETH 2.0 staking explorer, the Medalla testnet launched at Epoch 0 with 20,084 validators on board with over 640,000 ETH staked on the platform. Despite the successful launch, the platform faced a challenge with only 57% of validators available, presenting an issue in block finality.

However, Ethereum Foundation’s, Hudson Jameson said on Twitter, the low count in validator participation offers a learning moment for the upcoming ETH 2.0 mainnet launch. He wrote,

“We are getting to experience firsthand how the network operates with a low number of validators and how it will improve as more validators come online! This is what testnets are for and I'm excited to see the situation develop as we get more folks online on the testnet. Get hype. Eth2 is coming :)”

The low participation levels is mainly caused by the people who staked the 32 ETH but are not online to validate the blocks. This issue is set to be settled out with these validators expected to be thrown out in order for the Medalla testnet to reach the optimal 80% validator participation threshold.

The Medalla testnet, a Spanish name for medal, is similar to the final testnet of ETH 1.0, labelled Olympic testnet, which gives a possibility that the ETH 2.0 mainnet launch could be completed later this year despite earlier predictions of a 2021 launch.

More developments on the story to follow.

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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