This website uses cookies to ensure you get the best experience on our website

Blog

Date:
20th Oct 2020
Author:
CryptoAltum Research Team

The Beacon Chain Mainnet Launch for Eth2 is Anytime From today

Ben Edgington--an Ethereum 2.0 developer at PegaSys, has confirmed that the development team will reveal the Genesis date of the Phase 0--the Beacon Chain mainnet for Eth2, anytime from today. This follows the success of the Zinken Testnet, the last multi-client test network that ironed out issues in Spadina.


Details: 

Phase 0 of the Eth2 is foundational for Ethereum scalability. A successful implementation enables the first wave of ETH Staking where the network will be preparing to shift from a Proof-of-Work to a Proof-of-Stake consensus algorithm system. Here, the value of ETH will play a crucial role as a primary determinant in gauging the overall security of the multi-billion platform.


Impact on the ETH Price: 

Bullish. Aside from measures to relieve the base layer from choking Gas fees, Eth2 is huge for Ethereum. A successful execution following the last three dry runs will open the door for ETH Staking where, as aforementioned, the price matters. A correction higher is highly likely.


More market updates on our Blog 


Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020