Ethereum researchers said that ETH 2.0 Phase 0 may not go live until early 2021.
The Justin Drake of the Ethereum Foundation was asked about the Phase 0 deployment plan at the Ask-Me-Anything event in the Reddit community on Friday. The deployment of the network has been repeatedly delayed due to the multi-client solution.
Drake stated that he hopes that before the launch of ETH 2.0 Phase 0, “there will be a public testnet with more than 3 clients and operating normally for 2-3 months” and “similar to bounty.ethereum.org running for 2-3 months. Vulnerability Bounty Program.”
For the specific time, he mentioned, “All the above things cannot be completed in the third quarter of 2020. Thanksgiving on November 26 and the holidays in December are the last chance to launch the network in 2020. I am now inclined to It is believed that the launch date of Phase 0 will be around January 3, 2021 (the 12th anniversary of the establishment of Bitcoin).”
Drake emphasized that the work of the validator client and other projects before the launch of Phase 0 put a lot of pressure on the progress.
Previously Vitalik Buterin, the co-founder of Ethereum, said that before the release of Phase 0, a multi-client test network needs to be successfully run. Project leader Danny Ryan also mentioned that running multiple clients on the network is a very important security element.
ETH 2.0 is another hotspot in the crypto industry after Bitcoin halved this year. In this month’s exclusive interview with “Bite Push”, Buterin also mentioned the important role of ETH 2.0 for DeFi.
He said, “I think ETH2.0 is very important for DeFi. All Ethereum applications require proof of feasibility. Many people want to use the Ethereum chain, which means that transaction fees are increasing. Currently, transaction fees for most DeFi use cases It’s too high, so we see that people are considering migration, and there are also two-tier expansion migration solutions, so I think ETH2.0 is very important to reduce the pressure in this regard.”