Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The “dress rehearsal” testnet to practice the risky parts is ready to go live for the eventual launch of Ethereum 2.0, but not everyone is excited to stake.

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per the dev update.

The means, next week, a “dress rehearsal” Testnet for the community to practice sending deposits, launching beacon nodes, and validator clients starting from genesis.

For this, Eth2 Standard API definitions are complete, and implementation started, and voluntary exit implementation is ready. Prysm web UI beta testing, meanwhile, will be coming in the first week of October.

It is a small scale testnet that will last just three days with 1024 validators with the main net spec requiring 16384 validators to launch.

For the eventual launch of Ethereum 2.0, Spadina’s deployment was announced a couple of weeks back, following the Medalla testnet going live last month.

This mainet-configuration test network will run parallel with Medalla with the aim to practice the more difficult and risky parts of the process before reaching the mainnet.

ETH 2.0 is expected to go live later this year or early next year with its phase-zero launch, but not everyone is excited to stake.

Still, a good 65% of 287 respondents of the ConsenSys survey revealed earlier this year that they intend to stake 32 ETH.

However, the extremely high fees and congestion on the Ethereum network are making it unusable for the small players for now. As we reported, Coinbase will no longer be covering the gas fees for its users.

“The Ethereum gas price is high due to increased network activity, which means that we have to find avenues to either support this increase in activity, or to reduce it,” said Kosala Hemachandra, founder and CEO of MyEtherWallet (MEW).

According to him, this can be done by “increasing the block gas limit to a safe amount and also by utilizing existing layer 2 solutions.”

Just this week, Optimism took its first step towards its testnet with Synthetix, Chainlink, and Uniswap being the early adopters.

Ethereum (ETH) Live Price

1 ETH/USD =379.4760 change ~ -1.12

Coin Market Cap

42.96 Billion

24 Hour Volume

14.69 Billion

24 Hour Change

-1.12

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,269FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today