Ethereum to Roll Out Latest 2.0 Testnet On June 29; Q2 Mainnet Launch Seems Ambitious

Ethereum will release its latest 2.0 testnet iteration on June 29, as per a recent call by the developers on this project. Dubbed ‘Altona,' it will be the first ETH 2.0 testnet to integrate the 0.12 specification update. With hopes of a functional public mainnet as early as July, it seems the Ethereum community might have to wait longer for the scaling protocol.

The developers, however, noted that Altona testnet is ready to, launch and was only pushed past the weekend to ensure all contributors are on hand to fix any issues. Consequently, the first genesis block of this testnet will be generated after the scheduled Monday launch, although the minimum deposit required to kickoff has already been achieved.

Afri Schoedon, one of the ETH 2.0 developers, confirmed that a ‘technical genesis event' occurred but was decayed after a consensus to push it over to next week, “a situation where […] we technically had a genesis event,”

Ethereum's Move to Proof-of-Stake (PoS) Consensus

The Vitalik led project has long operated with a Proof-of-Work (PoW) mining algorithm, an infrastructure that has proven to be quite problematic in scaling network activity. It is, therefore, not surprising that Ethereum opted for a PoS ecosystem instead. This journey has been rocky for Ethereum, given the finer points that need modified before a final release of the public mainnet.

Notably, Altona, which is the latest testnet release, is still considered as a ‘devnet' by ETH 2.0 developers. Before this, the team had launched Topaz testnet back in April and went on to record over 18,000 validators at the generation of its genesis block. Nonetheless, this testnet had its shortcomings as it did not feature a ‘multi-client' infrastructure.

As we approach July, it has become more evident that ETH 2.0 will miss the initial target release date despite Vitalik's confidence. That said, Altona's success might also define the future of Ethereum 2.0 mainnet; its developers are optimistic that the underlying fundamentals will qualify for a public testnet launch.

Ethereum (ETH) Live Price

1 ETH/USD =$228.7374 change ~ 0.55%

Coin Market Cap

$25.54 Billion

24 Hour Volume

$1.28 Billion

24 Hour VWAP


24 Hour Change


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.

Edwin Munyui
Edwin Munyui
Edwin is a FinTech enthusiast with a particular interest in blockchain technology and cryptocurrencies. He has worked as an author in the blockchain space since 2017 and enjoys creating content that both crypto veterans and newbies can understand. His simple writing style and financial market knowledge have made him a reputable fundamental and technical analyst with the ability to handle any topic around blockchain and crypto over the years.

[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


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Adoption Explosion in Africa, Led by Nigeria, Kenya, and South Africa

Bitcoin continues to gain traction in Africa, with Kenya being the most bitcoin maximalist country, with 94.7% dominance. The top 10 list also contains...

DeFi App Growth Boosts Total Transactions On DApp Blockchains By $4.5B In Q2 2020: DAppRadar Report

In a report by DApp Radar, the total transactional volume on DApps touched the $12 billion mark in Q2 2020, representing a $4.5 billion...

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

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