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Key Takeaways
Ethereum’s Medalla testnet went live on Aug. 4 at 1 PM.
Validators are using the testnet as a “dress rehearsal” for Ethereum 2.0’s mainnet launch, expected in November.
Unlike Bitcoin, Ethereum has not earned the status of being a digital store of value. It isn’t clear why this is the case: the asset has rallied some 100,000 percent since the project’s initial coin offering.
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Kosala Hemachandra, the founder of MyEtherWallet (MEW), has told Cointelegraph the fully-fledged version of ETH 2.0 is still years away.
The first phase of the Ethereum 2.0 upgrade was originally set for Jan 2020 but then postponed to coincide with this week’s fifth anniversary.
Ethereum’s much-awaited validator testnet was launched yesterday, as per a release on the site’s official blog.
Interested members and teams can now test validators ahead of the Medalla multi-client testnet launch, in what marks a historic milestone in the history of the Ethereum network.
Just two weeks ago, there were uncertainties about whether or not Ethereum 2.0 (a.k.a. ETH 2.0/ETH2) was going to go live in 2020. In a Reddit comment, a researcher at the Ethereum Foundation, said that for the long-awaited update to launch safely, developers and stakeholders may need until 2021.
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Key Takeaways
Ethereum’s staking launchpad went live this week, offering a straightforward way for users to set up a validator node.
The Medalla testnet does not use ETH with any real value.
Medalla is the last step before real staking on Ethereum 2.0.
A project from the ConsenSys “Codefi” cohort said Friday it will be one of the first projects to offer seamless Ethereum staking services across a range of applications; when the upgrade is rolled out later this year.
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Key Takeaways
The Ethereum Foundation announced the official launch of the ETH 2.0 testnet.
Investors welcomed the news and appear to be growing optimistic about what the future holds.
A further spike in the buying pressure behind Ether could see it rise towards $300.
Ethereum Foundation researcher Justin Drake caused quite the stir earlier this month when he said that for Ethereum 2.0 (a.k.a. ETH 2) to launch properly, developers would need until at least Jan. 2021.
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After months and years of development, Ethereum 2.0 is finally drawing close.
For those unaware, the upgrade will overhaul how the Ethereum blockchain works, using certain technologies to make it more efficient in terms of costs, power consumption, and speed.