Ethereum 2.0 final test network Medalla is officially launched, ETH is calm

At 21:00 on August 4th, Beijing time, Medalla, the final test network of Ethereum 2.0 Phase 0, was officially launched, which means that the main network of Ethereum 2.0 is just around the corner.

According to data provided by qkl123.com, the ETH market price was very calm before and after the official launch of the Medalla test network. As of press time, the ETH market price was approximately US$384.2, down about 1.76% from 24 hours ago, which seemed to be beyond the expectations of many people.

Although this event does not seem to have much impact on the currency price, the launch of the Medalla testnet does have great significance for the Ethereum community.

Regarding this incident, Ethereum enthusiast Alex.eth commented:

“The launch of the Ethereum 2.0 Medalla testnet is one of the most important events in Ethereum’s history. More than five client teams have worked tirelessly for several months (some even several years) on this. This is the last milestone before the launch of Ethereum 2.0.

I also want to give a huge thumbs up to the Ethereum R&D team! None of this would have been possible without groundbreaking research on sharding, proof of stake, validators, BLS curves, VDFs, and more!

”

These few short comments expressed the thoughts of many Ethereum participants.

(Photo: After the testnet was successfully launched, participants sent their blessings)

(Picture: The first batch of blocks of Medalla test network)

Next, Ethereum's next milestone will be the launch of Phase 0 (i.e., the mainnet) of Ethereum 2.0. The Phase 0 beacon chain is the core of the entire Ethereum 2.0. It manages the coordination of validators and shards. At this stage, participants can obtain system rewards by staking 32 ETH, but it should be noted that this staking process is one-way, so it cannot be transferred back to Ethereum 1.0.

It is reported that Phase 0 of Ethereum 2.0 is expected to be launched in November-December this year.

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