Eth 2.0 Dev Shares Details of Upcoming Community Testnet

Published at: July 23, 2020

The Ethereum 2.0 team has formalized the launch date of the first full testnet designed to simulate mainnet conditions.

Called Medalla, the new multi-client testnet is set to be the last one before mainnet launch occurs. Medalla means “medal” in Spanish, a reference to the “Olympic” Ethereum 1.0 testnet that immediately preceded the full launch.

According to a July 23 post by Danny Ryan, the Ethereum Foundation’s Eth 2.0 coordinator, Medalla will launch no earlier than August 4 at 1 PM UTC. The launch date is not set in stone as there are two conditions necessary for its launch.

The first is the “minimum genesis time” — a manually set parameter that defines the earliest that the testnet can be launched. The second condition involves the number of validators who signed up for the testnet. Medalla will only start if at least 16,384 deposits for 32 ETH each have been committed 48 hours before the minimum genesis time. If that fails, it will launch 48 hours after the milestone is reached.

Medalla simulates the proposed Ethereum 2.0 mainnet as closely as possible, thus the minimum deposits requirement. Anyone can sign up to be a validator by depositing 32 ETH from the Goerli testnet.

Four clients will be ready for launch, with Nimbus and Teku being new mainstays along with Lighthouse and Prysm. There are another four clients in active development that are not yet available at launch. Ryan said he expects Lodestar to be “on net in some capacity,” while teasing another “surprise client.”

Clients are used to run nodes, and they define the blockchain in many ways. Compared with dominance of Geth in Ethereum 1.0, the foundation aggressively pushed for more clients for the next generation.

The Medalla testnet is expected to be maintained by the community, unlike previous iterations that were referred to as “devnets.” In addition to the testnet, the foundation is also sponsoring separate “attacknets” for white hat hackers to break.

Progress on Phase 1

The work currently being done sets up the beacon chain for Ethereum 2.0. This will be the main coordinator of the various shards. Ethereum users will be able to stake their ETH through a deposit contract on Ethereum 1.0, but they will not be able to transact with Ethereum 2.0 tokens, nor will they be able to get them back until Phase 1 launches. 

Though Ethereum 1.0 was initially proposed as a separate chain until almost the entire way through the 2.0 rollout, a proposal being studied since December 2019 could hasten the process significantly. The Eth 2.0 and 1.0 clients would be hybridized such that the former would manage consensus and block validation, while the latter would pass all the information on blocks and transactions. Ethereum 1.0 would essentially be one of the many shards.

The implementation is currently being developed and has achieved some key milestones. The Eth 1.0 Geth client was successfully modified to outsource its consensus, while a sharding simulation client was adapted to work with Ethereum 1.0 blocks.

Tags
Related Posts
Ether already ‘flippening’ Bitcoin, says Celsius CEO
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes Bitcoin as the world’s most valued cryptocurrency, is already happening right now. Mashinsky said that the flippening has already happened on Celsius. “We manage about $17 billion in deposits, or in customer coins, and the number one coin held in dollar terms is Ethereum,” he said. Mashinsky also predicted that Ether will have completely …
Decentralization / July 6, 2021
Finance Redefined: DeFi party’s over, back to building now, Sept. 30—Oct. 7
This week in DeFi was notable for its lack of notable events. Nobody set new records for the fastest hack of a new contract, nobody famous exit scammed or pulled a DeFi Jesus reincarnation act. You can just feel that something is different now. It used to be that every weekend we’d discover some new exotic food, or someone would launch a vampire attack on another protocol with a cleverly disguised Ponzi scheme. Not to say nothing happened at all this week, but the scope just feels different this time. What really grabbed attention was the price collapse of a …
Technology / Oct. 7, 2020
You can now send email right from your Ethereum address
Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early Bitcoin (BTC) adopter Hal Finney helped develop Pretty Good Privacy or PGP, which allowed users to encrypt various digital mediums, including emails. Unstoppable Domains co-founder Bradley Kam told Cointelegraph that the email service is not decentralized and is provided through ETHMail Webmail. For now, the service …
Decentralization / Sept. 16, 2020
‘Expensive lesson’: 75 Eth2 validators slashed for introducing potential chain split bug
Staking infrastructure provider Staked said it had learned “an expensive lesson” after 75 of its Eth2 validators were slashed on Feb. 4 from the staking pool as punishment for producing competing blocks. In a statement, Staked took the blame for the “technical issue” and said its customers would be “fully compensated”. The company will pay the penalty of 18 ETH, which is around $29,000 at current prices. An unanticipated reaction to configuration changes caused several nodes managed by Staked to restart in error, leading them to incorrectly sign a second version of a previously-signed block. This introduced the potential for …
Technology / Feb. 5, 2021
From DeFi year to decade: Is mass adoption here? Experts Answer, Part 2
Yat Siu of Animoca Brands Yat is the executive chairman and co-founder of Animoca Brands, which delivers digital property rights to the world’s gamers and internet users, thereby creating a new asset class, play-to-earn economies and a more equitable digital framework contributing to the building of the open Metaverse. “2021 was the year of NFTs, and in the second half of the year, we saw a growing emphasis on GameFi. This trend will continue well into 2022. Real mass adoption of DeFi will happen via GameFi, which will explode in growth during 2022 as the potential for mass financial inclusion …
Decentralization / Dec. 22, 2021