Mainnet launch has been announced! Here is everything you need to know about eth2.
Cosmic Egg, the v1.0.0 release containing Phase 0 mainnet configurations (along with some additional tooling and components) was publicly released by Danny Ryan. This final code makes it possible to launch the eth2 network.
The eth2 deposit smart contract launched and is already accepting deposits. About 25,829 ETH was deposited at the time of publication (roughly $10.64M USD). There needs to be at least 524,288 ETH (roughly $200M USD) deposited for the network to launch, equalling 16,384 validators.
The earliest that the network can launch is December 1st, 2020, at 12pm UTC. In order for eth2 genesis to be triggered at this time, the minimum amount of ETH must be deposited by Tuesday November 24th at 12pm UTC, seven days before launch and less than three weeks from today. You can track the progress of the eth2 deposit smart contract using the eth2 launchpad.
Based on our conversations with folks planning to stake in Phase 0 from across the ecosystem, we expect large chunks of deposits wil come from exchanges, custodians, funds, and other large token holders. Some folks are ready, but many more are still in the process of adding support for eth2 and are not in a rush to be the first to stake. Some token holders are planning to wait for a few weeks to make sure the network is stable before staking. This is expected behavior as the network launches.
What happens if the minimum 524k ETH is not deposited by November 24th? The deposit contract will continue accepting deposits until it reaches the minimum threshold. For example, if we cross the threshold on December 2nd, genesis will be on December 9th.
We are including all relevant details for your reference for informational purposes. If you choose to participate in the eth2 genesis, please double-check all information and addresses before sending your ETH. It’s been reported that scammers are already looking to take advantage of the community’s enthusiasm.
Elias Simos, Protocol Specialist at Bison Trails, recently published a data-driven deep dive into the Medalla testnet with Sid Shekhar, Blockchain Research lead at Coinbase. We interviewed Elias about the challenges they faced while compiling the data. Elias also published the first of a four-part series based on this research, analyzing aggregation performance over the course of the Medalla testnet.
Participants in the Bison Trails eth2Pioneer Program have early access to our suite of eth2 products:
Some of the leading enterprises in the space have already joined our eth2 Pioneer Program and are beginning to integrate with our validator management API.
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.
eth2 Update 006Nov 25 2020
Substrate Ecosystem Update 003Nov 25 2020
Now Available: Libra QTNov 24 2020
eth2 Insights: Network PerformanceNov 23 2020
eth2 Update 005Nov 18 2020
eth2 Insights: Validator EffectivenessNov 16 2020
tBTC and DeFi: How to Get InvolvedNov 12 2020
Coinbase Custody Expands Bison Trails Integration to Add Staking Support for CeloNov 12 2020
eth2 Update 004Nov 11 2020
QT Archival: When a Full Node is Not EnoughNov 11 2020
Bison Trails Newsletter 009 • October 2020Nov 10 2020
eth2 Insights: SlashingsNov 9 2020
View More →