Victor Ugochukwu · Dec 14, 2020 . 5min read
Smart contract auditor Quantstamp says Ethereum 2.0 almost ready for launch
Although Quantstamp found several issues which the Teku development team promptly addressed, says ready for Phase 0 of Eth 2.0 launch.
By Victor Ugochukwu · Oct 28, 2020 . 6min read
After subjecting Consensys developed Ethereum Client Teku to rigorous security stress tests, Quantstamp says Ethereum 2.0 is ready to sail.
The smart contract auditing firm has completed its audit process of Teku and CEO Richard Ma said in a statement post-test that,
“Ethereum 2.0 is on track to deliver Phase 0 in the very near future,”
The crypto community, mainly those endeared to the largest smart contract platform, are keen to Phase 0 of Ethereum 2.0 coming to life. In contrast, some critics have expressed pessimism of Ethereum 2.0 ever shipping off. However, different bodies have been working tirelessly to make Eth 2.0 a reality. Consensys, a relentless promoter and supporter of the Ethereum ecosystem have been hard at work developing an Ethereum Client which allows several functions as Eth 2.0 supports. For instance, staking, the core of the next generation of Ethereum network, any Ethereum 2.0 Client like Teku, supports it.
Quantstamp team auditing Teku means enforcing consensus rule. It also ensured to check that codes necessary for triggering rewards and slashing penalties works properly.
“Client teams have spent countless hours coordinating, testing, and working with auditing firms to ensure that the foundation of Ethereum 2.0 is ready for delivery,”Richard Ma, CEO Quantstamp
Although Quantstamp found several issues which the Teku development team promptly addressed, it maintains that the codes were “of the highest quality”. Quantstamp’s key finding in Teku audit was an unlimited inbound messaging queue. Hence, malicious actors could have easily exploited this to DDoS individual nodes.
Major Ethereum projects developing their own Ethereum 2.0 Client racing against time to launch in 2020
Quantstamp successful of Teku Ethereum Client for a smooth implementation of Eth 2.0 is a welcome development. Another firm has also been working to realize this goal within the Ethereum open-source industry. Prysmatic Labs is one of such. Prysm Project is an Ethereum Client that can be deployed for Eth 2.0. Trail of Bits had audited the Client, fixing some issues during September when it conducted the audit. Moreover, Prysmatic Labs already expressed optimism towards a possible Phase 0 of Eth 2.0 launch by November.
Eth 2.0 will usher Ethereum from Proof-of-Work consensus algorithm to Proof-of-Stake. Experts envisage that Ethereum network upon successful migration may be able to run on up to 100,000 transactions per second (tps).
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