Prysmatic Labs: Ethereum 2.0 is One Step Closer to its Public Prysm Testnet Release

Ethereum 2.0 is now closer to release than ever. The team is currently targeting the v0.4 release with a single client testnet and a highly available network that is resilient to forks and validator inactivity while allowing new validators to join the network.

Raul Jordan who is working on Ethereum 2.0 at Prylabs shared a detailed Medium post talking about what you can expect from this release.

The team, according to the official announcement, will be hosting a “medium-sized deployment” of validators and beacon chain nodes. They are also confident that the infrastructure will be able to scale out to hundreds and thousands of validators.

“We’ve tested multiple small configurations with deployments of 32 validators and we’re confident in the infrastructure to scale out to larger deployments of hundreds or thousands of validators.”

It further states that one of the major goals of the test network is to observe the clients’ behavior as the scale increases. Moreover, after releasing the updates to the cluster, new features will be gradually released and in case an update is causing a regression, they will simply roll back the update and resolve the issue.

“Our first release is NOT a simulation, but a real system that will give users a good idea of what to expect at mainnet.”

What’s Coming?

Jordan further shares a slew of features that have been added into the network in terms of users be able to run a beacon node and validator client and also deposit Goerli ETH into a Validator Deposit Contract to become active validators in the testnet. New validators can also be inducted via a voting mechanism.

“Casper proof of stake consensus is applied in order to finalize block checkpoints which have received a consistent amount of votes over time.”

Information like beacon nodes synch blocks will be provided in real time and nodes can also peer with others while the new nodes will fully sync within seconds.

Beacon nodes will be running the Casper Proof of Stake fork-choice rule to decide the head and resolve network forks.

Moreover, the network can handle skip slots where validators are inactive and chain will still proceed as normal. In case there are more than 4 epochs since the last finalized block, the protocol will penalize validators.

Other features include validators using RANDO, users able to run validators clients, and data storage through persistent disk storage by beacon node among others.

As for what is not included, signature verification, use of Simple Serialize, beacon chain transfers, shard crosslink processing, and voluntary validator exits are being disabled. Also, as of now, they don't have a mechanism for validators to slash other validators.

Before the testnet version could be released, the team has bugs to fix and address issues as for the next few weeks and months, the priority is to ensure client integrity and long-running chain.

Today's Bitcoin (BTC) Price Analysis with Top Altcoin Predictions: Ethereum (ETH), Ripple (XRP) and NEO

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 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


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

YFI’s Andre Cronje isn’t Going Anywhere; ‘This Space Won't Get Rid of Me'

Andre Cronje, the guy behind yEarn and the popular YFI, is not leaving the cryptocurrency space any time soon, at least, “until there is...

Crypto Mom, Hester Peirce, Secures Second Term as SEC Commissioner Through 2025

The US Securities and Exchange (SEC) Commissioner Hester Peirce, aka “Crypto Mom,” has been confirmed for a second term that will last till June...

yEarn Expanding its Ecosystem to Bring in Hot DeFi Tokens into the Mix

DeFi craze continues to get hotter as the system grows. yEarn’s zero supply valueless token YFI climbed to a new high today at $5,300 and...

Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the...

DEX Leader Raises $11 Million in Series A Funding for Uniswap V3 Following an Explosive Month

A popular and widely used decentralized exchange (DEX) Uniswap has raised $11 million in Series A funding led by Andreessen Horowitz with additional investment...

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