Hi, I’m Viktor Bunin, a Protocol Specialist on the Bison Trails team. A lot has happened since our first eth2 update and we're closer than ever to Phase 0, the beacon chain launch!
The latest beacon chain dry run, Zinken, went well and the chain successfully launched and finalized, after the first beacon chain launch dry run, Spadina, had initially underperformed. Unfortunately, shortly after Zinken went live, Medalla started experiencing finalization issues as validators became delinquent.
Based on our experience with other protocols, there’s a pretty big operational overhead to support just a single testnet. Eth2 has had Medalla running for several months now and has launched two more (Spadina and Zinken) in the last few weeks. None of these testnets are incentivized and a lot of the same folks are running nodes across all of them. At this point folks are just getting a bit overwhelmed from an operational resourcing perspective, and, because there’s no money at risk, are slacking when it comes to maintaining their testnet support to the same standards they would if it were a mainnet.
As a result, we do not expect for mainnet to be pushed out due to the decreasing Medalla participation. If anything, we think it may almost have the opposite effect of enticing the eth2 team to launch sooner. As the eth2 team already knows Medalla can run very smoothly in good network conditions, and can recover from catastrophic conditions, the current decrease in participation isn’t presenting any new learning opportunities.
We expect the deposit smart contract and more exact dates are likely to be released sometime in the next two weeks. We still expect for mainnet to launch in mid to late November. However, we gave the eth2 team the feedback that if they can’t launch comfortably before Thanksgiving the best option may be to wait until early December, when folks in the U.S. are back from the holiday break.
We’re eagerly anticipating eth2’s launch and look forward to providing you with another update soon.
Last week was an exciting week for our eth2 product. We released several large features into production that represent months of work from our teams across the company:
Additionally, we have begun onboarding some of the leading enterprises in the space to the Bison Trails eth2 Pioneer Program. Through the program, early adopters are able to begin integration with our validator management API. We collaborate closely with the enterprise teams building with our API to shape the product’s direction. As we prepare for the beacon chain launch, we’re refining our product and engineering roadmap through the end of the year.
It’s not too late to be an eth2 Pioneer! Contact us to learn more about the eth2 Pioneer Program and how to get started, so you don’t miss this opportunity for early access to build on the beacon chain!
For custodial staking, use Coinbase's eth2 retail staking solution powered by Bison Trails.
Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 25 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.
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