Victor Ugochukwu · Dec 1, 2020 . 8min read
Ethereum 2.0 approaching conclusion as final Zinken Testnet runs smoothly
The migration to Ethereum 2.0 is a step closer today as another recently launched testnet called Zinken has been running smoothly.
By Komal Joshi · Oct 14, 2020 . 5min read
The currently running ETH 2.0 testnet called Zinken is performing smoothly. Zinken launched by developers to prepare for the official release of Ethereum 2.0 mainnet’s Phase 0, has proven successful, unlike its precedent Spadina. The primary purpose of Zinken is to practice the genesis process.
Considering genesis is a risky and difficult part of the process, the Ethereum team had set up a few testnets in correspondence with Medalla for validators to practice before Ethereum 2.0 mainnet was released. However, there was real Ether (ETH) at stake. Zinken’s launch has been sailing smoothly, with sufficient participation to keep the chain running. Besides, there were no significant bugs.
Unlike during the launch of Spadina and Medalla, Zinken did not undergo from low participation rates. It generally occurs due to validators who signed up for the testnet missing to bring their clients online. Zinken is the first testnet to have gained the complete threshold in a few minutes of its release, making it the most prosperous “launch rehearsal” for the team so far.
However, having a great participation rate during testnet launches is important to the health of the blockchain. More than 66% of the stake must confirm blocks. Thus, finalizing the blockchain, indicating that blocks can no longer be reversed. With Zinken, participation rates still did not score an ideal standard of 90%. However, participation was above 75%. Thus, making Ethereum developers confident about the expected 2020 launch of Ethereum 2.0 Phase 0.
Expectations from Phase 0 of ETH 2.0 mainnet
Ethereum 2.0 mainnet launch will be in various steps so that the blockchain could split down and be completed to the last details. The first step, Phase 0, will highlight a beacon chain, which is the first building block for the new mainnet.
The current Ethereum 1.0 blockchain will work in parallel with Ethereum 2.0. Transfers and withdrawals will not be likely until other phases of the Ethereum 2.0 blockchain are launched. Vitalik Buterin was also present during the launch. He says that the team might still do a few more rehearsals. However, it would likely be for developers.
Follow Cryptodose for more updates.
Komal Joshi · Nov 30, 2020 . 5min read