protocols

eth2 Update 002

The most important information about eth2, curated by Viktor Bunin, Protocol Specialist at Bison Trails.

eth2 Update 002

By Viktor Bunin · Oct 21 2020

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!

—Viktor Bunin


ETH2 PHASE 0 LAUNCH

EIP-2982: Serenity Phase 0, the official PR to launch eth2 and begin a phased rollout of PoS onto Ethereum, was merged in early October bringing eth2 one step closer to mainnet.

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.



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.

BISON TRAILS + ETH2 PRODUCT + PIONEER PROGRAM

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:

  • API management dashboard to create and revoke API token access to the eth2 validator management API
  • Eth2 validator management API to create Ethereum deposit transactions, add eth2 validators, and monitor the status of these validators as they are scheduled
  • Eth2 metrics to see their infrastructure health and real-time insights, using graphs and rich visualizations accessed from the Bison Trails platform’s dashboard

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!

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For Individuals

Are you an individual with a large amount of ETH? Please contact us to learn how to participate in eth2. ETH holders can also participate with LiquidStake powered by Bison Trails.

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About Bison Trails


Our mission is to provide superior infrastructure on multiple blockchains, to strengthen the entire ecosystem, and enable the pioneers of tomorrow.

Pioneering Blockchain Infrastructure®

Bison Trails is a blockchain infrastructure company based in New York City. We built a platform for anyone who wants to participate in 19 new chains effortlessly. We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 27 protocols with QT. Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.


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