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Ethereum 2.0 prepares to launch following trial and error testnet phases

Ethereum 2.0 prepares to launch following trial and error testnet phases

Quick take

1 minute read

  • One thing in the crypto space that hasn’t been spoken about for awhile is Ethereum 2.0. 
  • The pressure is seemingly piling up for developers on the project to deliver on time and as they work hard, Quantstamp has finished an audit of Teku software and has also vouched on its capabilities.

One thing in the crypto space that hasn’t been spoken about for awhile is Ethereum 2.0. The pressure is seemingly piling up for developers working on the project in order to deliver on time and as they work hard behind-the-scenes, the smart contract auditing company Quantstamp has finished an audit of Teku software and has also vouched on its capabilities.

For those that don’t know, Teku software allows stakers of Ethereum 2.0 to get involved with mining which is a massive part of the chain upgrade. The CEO of Quantstamp, Richard Ma has said that phase 0 is just around the corner four Ethereum 2.0.

Auditing Teku software was allegedly much easier said than done and took a lot of effort as clients are excitedly awaiting phase 0 of Ethereum 2.0 before the end of this year. 

The CEO explained:

“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.”

Testnets for Ethereum 2.0 have been ongoing over the past few months and they have definitely hit some obstacles along the way. One worth noting is the Medalla testnet which has been running since August and according to reports, the system has given developers “the expertise but also cited loopholes, a recent report indicates it has suffered low participation, especially from validators.”

Despite these obstacles that the teams have run into during testnet phases, the project is seemingly ready for launch.

For more news on this and other crypto updates, keep it with CryptoDaily!

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