Ethereum 2.0 test network
Ethereum 2.0, also known as Serenity, will mark the beginning of Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS) and a scalable blockchain with its Phase 0. The basic functionalities of the Beacon Chain will be introduced.
The validators were not able to propose blocks for a total of 217 slots, causing all kinds of crazy problems, bottlenecks and, of course, us going crazy.
The problem was related to an error in the configuration and serialization library (SSZ). This led to discrepancies between the roots state of genesis with the network nodes. The developers applied changes and have since seen a spike in the validators participating in the Sapphire testnet.
Preston van Loon, one of the client’s developers, said that after 4 days the validators are composed of 5 to 10 thousand individual operators for a total of 70 active nodes. The website beaconchain.in records that the Sapphire tesnet has reached its maximum capacity with 70182.20 ETH staked. The interest in the test is broadened by the rewards it offers to participants.
Ethereum co-founder Vitalik Buterin is not missing the strong development of Ethereum 2.0. When the transition from Proof of Work to Proof of Stake is complete, around 10 million ETHs will be staked, according to Buterin. In addition, the inflation rate of Ethereum will increase by about 5%.
Author : Reynaldo